| Any financial advisor?

Any financial advisor?

eshie asked:

Does anyone know anything about a 10B5-1 plan? I am a financial advisor, but I can not find a lot of information on this type of plan, and my compliance department tells me “about” the plan and how to open it. Does anyone have experience with a 10B5-1 plan for insider trading?
From what I know about the plan, it is for corporate executive that are deemed “insider” and they will be able to trade there companies stock, with out a 144 file. 10B5-1 is just the SEC code. It is not a common plan, but I have a business owner that has a lot of his own companies stock, and he wants tax advantages, and the ability to sell whenever he wants. “insider” is not a illegal, it is just someone that “knows inside information” that is not public. They can own the stock, but they are restricted to how they sell. This is not for a trade “right now” but I would always like to have a plan to hedge, if something suddenly changes….like the 2000 bubble…NOTHING illegal
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Comments

3 Responses to “Any financial advisor?”

  1. ruca80 on April 11th, 2009 2:39 pm

    I am a former FA, but I have no clue what the 10B5-1 plan is. However, since your question ends with, “…plan for insider trading”, it’s probably not a legal type of plan!

  2. Yada Yada Yada on April 12th, 2009 1:16 am

    I’ve not used it, but here’s a few articles/links that might help.
    ).pdf

    Hope that helps!

  3. personal finance books on December 9th, 2009 7:59 am

    personal finance books…

    Many books and commets out there are from people that “would like to” be rich and think they know it all. I always buy books from people that actually are rich and have created their own success…