How far in advance can insider sell their own company's stock?

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Assuming this is not a new IPO, and no lock-ups, how far in advance do insiders have to declare selling their stock?



From what I read online, they certainly can not immediately sell their stock the day or 2 before they report earnings, but how far in advance do they have? A month? 2 months?






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  • What jurisdiction? Insider trading laws vary between countries.
    – D Stanley
    1 hour ago










  • United States is my concern
    – Henley Chiu
    1 hour ago
















up vote
1
down vote

favorite












Assuming this is not a new IPO, and no lock-ups, how far in advance do insiders have to declare selling their stock?



From what I read online, they certainly can not immediately sell their stock the day or 2 before they report earnings, but how far in advance do they have? A month? 2 months?






united-states stocks stock-markets







share|improve this question























  • What jurisdiction? Insider trading laws vary between countries.
    – D Stanley
    1 hour ago










  • United States is my concern
    – Henley Chiu
    1 hour ago












up vote
1
down vote

favorite









up vote
1
down vote

favorite











Assuming this is not a new IPO, and no lock-ups, how far in advance do insiders have to declare selling their stock?



From what I read online, they certainly can not immediately sell their stock the day or 2 before they report earnings, but how far in advance do they have? A month? 2 months?






united-states stocks stock-markets







share|improve this question















Assuming this is not a new IPO, and no lock-ups, how far in advance do insiders have to declare selling their stock?



From what I read online, they certainly can not immediately sell their stock the day or 2 before they report earnings, but how far in advance do they have? A month? 2 months?






united-states stocks stock-markets




united-states stocks stock-markets






share|improve this question















share|improve this question













share|improve this question




share|improve this question








edited 1 hour ago









D Stanley

47k7142152




47k7142152










asked 1 hour ago









Henley Chiu

1355




1355











  • What jurisdiction? Insider trading laws vary between countries.
    – D Stanley
    1 hour ago










  • United States is my concern
    – Henley Chiu
    1 hour ago
















  • What jurisdiction? Insider trading laws vary between countries.
    – D Stanley
    1 hour ago










  • United States is my concern
    – Henley Chiu
    1 hour ago















What jurisdiction? Insider trading laws vary between countries.
– D Stanley
1 hour ago




What jurisdiction? Insider trading laws vary between countries.
– D Stanley
1 hour ago












United States is my concern
– Henley Chiu
1 hour ago




United States is my concern
– Henley Chiu
1 hour ago










1 Answer
1






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oldest

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up vote
3
down vote



accepted










To my knowledge, there are no laws in the US that specify any specific time frame during which insiders cannot sell company stock. Insider trading laws instead are based on the access to material, non-public information, regardless of timeframe.



Many companies have policies that prevent employees from trading within certain timeframes of press releases or earnings reports without prior approval, but those are company-specific policies, not legal requirements.



The bottom line is if someone trades (or "tips" someone else who trades) on the basis of material, non-public information, then that person may be guilty of insider trading.






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    1 Answer
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    active

    oldest

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    1 Answer
    1






    active

    oldest

    votes









    active

    oldest

    votes






    active

    oldest

    votes








    up vote
    3
    down vote



    accepted










    To my knowledge, there are no laws in the US that specify any specific time frame during which insiders cannot sell company stock. Insider trading laws instead are based on the access to material, non-public information, regardless of timeframe.



    Many companies have policies that prevent employees from trading within certain timeframes of press releases or earnings reports without prior approval, but those are company-specific policies, not legal requirements.



    The bottom line is if someone trades (or "tips" someone else who trades) on the basis of material, non-public information, then that person may be guilty of insider trading.






    share|improve this answer
























      up vote
      3
      down vote



      accepted










      To my knowledge, there are no laws in the US that specify any specific time frame during which insiders cannot sell company stock. Insider trading laws instead are based on the access to material, non-public information, regardless of timeframe.



      Many companies have policies that prevent employees from trading within certain timeframes of press releases or earnings reports without prior approval, but those are company-specific policies, not legal requirements.



      The bottom line is if someone trades (or "tips" someone else who trades) on the basis of material, non-public information, then that person may be guilty of insider trading.






      share|improve this answer






















        up vote
        3
        down vote



        accepted







        up vote
        3
        down vote



        accepted






        To my knowledge, there are no laws in the US that specify any specific time frame during which insiders cannot sell company stock. Insider trading laws instead are based on the access to material, non-public information, regardless of timeframe.



        Many companies have policies that prevent employees from trading within certain timeframes of press releases or earnings reports without prior approval, but those are company-specific policies, not legal requirements.



        The bottom line is if someone trades (or "tips" someone else who trades) on the basis of material, non-public information, then that person may be guilty of insider trading.






        share|improve this answer












        To my knowledge, there are no laws in the US that specify any specific time frame during which insiders cannot sell company stock. Insider trading laws instead are based on the access to material, non-public information, regardless of timeframe.



        Many companies have policies that prevent employees from trading within certain timeframes of press releases or earnings reports without prior approval, but those are company-specific policies, not legal requirements.



        The bottom line is if someone trades (or "tips" someone else who trades) on the basis of material, non-public information, then that person may be guilty of insider trading.







        share|improve this answer












        share|improve this answer



        share|improve this answer










        answered 1 hour ago









        D Stanley

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