March 14, 2022
As a retail investor, I agree with the proposed rule, S7-20-21 Rule 10b5-1 Insider Trading, to ensure there is more transparency and fairness in the markets. Insider Trading creates an unfair and unhealthy trading environment, and does not instill confidence when trading in the stock market if others have an unfair advantage. Corporate Insiders need to provide more transparency through this added regulation to ensure a fair market for all. Corporate Insiders clearly have an advantage of knowing certain non-public information, and so to prevent them from acting on it, having a specific cool-down period and having them acknowledge they are not using a loophole, makes a lot of sense. It's clear that these regulations are needed because Corporate Insiders cannot be expected to act in the public's best interest, when there are loopholes available that can make them a lot of money. Corporate Insiders need to be held accountable if they are acting in nefarious ways, and this rule will help to penalize those bad actors.