In general, the period during which a security may not be sold by its owners on the basis of contractual agreements. – In particular, the prohibition on the purchase or sale of a company’s shares by senior employees within a period specified by law – in the U.S. § 306 a Sarbanes-Oxley Act – or by the supervisory authority (the phase prior to the release of financial information during which certain employees [insiders] of a public company are prohibited from trading in the firm’s shares). – Period of time during which documents are not allowed to be disclosed, to meet contractual or legal requirements (lenght of time during which records are not allowed to be disclosed, to meet contractual or legal requirements). – See bond, floating rate, bonus, compliance, trading time, permitted, blocked account, tag-along rights, selling restrictions.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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