Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ICI to SEC: More Disclosure Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 26, 2002

ICI to SEC: More Disclosure

by: Tony Pennino

The Investment Company Institute (ICI) has sent a letter to the Securities an Exchange Commission (SEC) to strengthen corporate reporting on insider trading. This would entail an amendment to Form 8-K as proposed by SEC.

The letter was written to Jonathan Katz, secretary of the SEC. It is signed by Greg Tyle, general counsel for the ICI. The institute feels since its members invest approximately $4 trillion a year on behalf of individual investors that it has a vested interest in the discussion.

The ICI agrees with the SEC that the following information is required:
  • transactions in company equity securities on the part of directors and executive officers,
  • the purchase or sale of company equity securities on the part of executives to satisfy affirmative defense conditions,
  • and loans of money to executives made or guaranteed by the company or an affiliate of the company.
With regards to the loans, the ICI feels that this is important information about additional compensation of which investors are generally not aware.

"Such information can be important for several reasons. First, it can provide useful insight on managementís views of the company's performance and prospects. It also can provide an indication of the extent to which managements' interests are aligned with those of the company," writes Tyle.

"For all of these reasons, information about insider transactions can be important in helping the marketplace to establish the appropriate value of publicly traded securities," he added.

For the full text of the letter, you can follow this link

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use