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Is The CEO Dumping Stock? Check SEC Online
from the it's-about-time dept
Amazing that it took this long, but starting soon, the SEC will no longer accept paper filings for insider stock sales. Instead, they're going to require all the filings online where investors will be able to see the information. Probably even more important is that they're required to report the sales within 2 days, as opposed to 40 days, as the law previously stated.
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It's about time
This should have been done 3 years ago. It will probably take another 50 years to get this down to one day.
But this is a great improvement and may bring confidence back to the stock maret.
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