Sentence examples for aware of material information from inspiring English sources
In October 2000, the S.E.C. changed the rules to make trading while aware of material information clearly illegal, too.
Every large institution -- whether an underwriter or partnership investor -- that was aware of material information withheld from Enron investors could find itself in court, securities lawyers said.
That allows a corporate employee to "carry out those pre-planned transactions at a later time, even if they later become aware of material nonpublic information".
The rule generally allows insiders to enter into a prearranged contract, instruction or plan for future stock trades at a time when they are not aware of material nonpublic information.
Most specifically, he established stock sales plans for himself in October, November and December 2006 "while he was aware of material, non-public information concerning Countrywide's increasing credit risk and the expected poor performance of Countrywide," charges the SEC in its suit.
As noted earlier, a plan will be deemed valid only if the insider was not aware of any material nonpublic information at the time the plan was adopted.
Accordingly, insiders should only adopt (and amend or terminate) a 10b5-1 trading plan during an open trading window and when they are not otherwise aware of any material nonpublic information.
This includes demonstrating that the plan was entered into before the insider became aware of any material nonpublic information and that the plan was entered into in good faith and not as part of a plan or scheme to evade securities laws.
Is all of that material information?
Mr. Anderson said the company was aware of the raid but did not consider it material information that needed to be shared with the public, especially because Tenet was not aware of the decision by federal authorities to issue a news release.
