      onlycfo.io · 2025-04-07
      · 422d
    

Did I Commit Insider Trading? A CFO's Guide to MNPI, Rules, and Enforcement

This article explains what constitutes insider trading, covering material nonpublic information (MNPI), ten common scenarios where trading violations occur (including remote work leaks, family tipping, and vendor breaches), and enforcement mechanisms at both public and private companies. The author discusses prevention policies, blackout periods, Rule 10b5-1 plans, and real case examples with sentencing outcomes, emphasizing that insider trading applies to private companies and that ignorance is not a legal defense.

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Metrics in this report

Insider Trading Prison Sentence

25years

maximum

Federal penalty for insider trading conviction

Netflix Insider Trading Case Prison Sentence

24months

Software engineer who tipped brother and friend on subscriber growth metrics

Rule 10b5-1 Plan Cooling-Off Period for Officers/Directors

90days

minimum

Time required before a Rule 10b5-1 plan can be placed into effect for company officers and directors

Rule 10b5-1 Plan Cooling-Off Period for Reporting Filers

2days

minimum

Time required for non-officer/director filers after financial reporting date

Tyler Loudon M&A Case Prison Sentence

24months

Overheard wife's BP M&A deal about TravelCenters of America acquisition