Billionaire Jeff Bezos recently sold Amazon's 6.6 million shares worth $1.5 billion (about ₹13,000 crore). The sale was executed under a prearranged trading plan called Rule 10b5-1. This regulation from US SEC permits insiders at public companies to set up a plan for selling their shares in advance, NewsBytes reported. These plans provide affirmative defence against insider trading allegations.
short by
Dharini Mudgal /
04:48 pm on
27 Jul