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Securities

John F. Cannon


John F. Cannon

Stradling, Yocca, Carlson & Rauth

Newport Beach, CA

949 / 725-4107

jcannon@ sycr.com

sycr.com



Question As an officer of a public company, am I protected from insider trading liability if I limit my trades in my company's stock to trading windows designated by my company?

Question Not necessarily. Trading windows can be arbitrary. Even during an open trading window, officers, directors and employees of public companies should not trade in their company's stock when in possession of material non-public information. Moreover, the SEC deems possession of material non-public information the equivalent of using that information.







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