• SEC Adopts Rules Under Sarbanes-Oxley To Require Accelerated Filing of Form 4 Reports by Insiders
  • May 16, 2003
  • Law Firm: Dechert LLP - Office
  • The Securities and Exchange Commission today adopted final rules implementing the changes mandated by the Sarbanes-Oxley Act of 2002 that require executive officers, directors and ten percent shareholders to file Form 4 reports of changes in company stock ownership within two business days from the date of the transaction. This new filing requirement is effective for all transactions subject to Section 16(a) for which the date of execution (trade date) is on or after August 29, 2002.