SEC Inside - Netflix
SEC Network announced a new show, SEC Inside, today at the Southeastern Conference Media Days in Hoover, Ala. Each week, a half-hour episode will focus on a select team and explore previously unaired footage and sounds from game preparation, the sideline and following the final whistle. "The show will deliver unique perspectives in a highly produced cinematic style," said Stephanie Druley, ESPN senior vice president, college networks production. "New camera angles are supported by previously unheard sounds from the coaches and players on game day. The combination creates a more complete picture of the game, and compelling television"
"In our second year as a network, the emphasis is on telling a deeper story," said Rosalyn Durant, ESPN senior vice president, college networks. "SEC Inside is a vehicle to provide fans with an entirely new vantage point."
SEC Inside will air on Wednesday nights as companion programming to SEC Film Room. The network has plans to extend the show into the spring, highlighting men's & women's basketball tournaments. This fall, each football team is the focus of its own episode with the season culminating at the SEC Championship game.
Runtime: 30 minutes
SEC Inside - SEC Rule 10b5-1 - Netflix
SEC Rule 10b5-1, codified at 17 C.F.R. 240.10b5-1, is a regulation enacted by the United States Securities and Exchange Commission (SEC) in 2000. The SEC states that Rule 10b5-1 was enacted in order to resolve an unsettled issue over the definition of insider trading, which is prohibited by SEC Rule 10b-5. Different courts of appeals had come to different conclusions about what constituted insider trading under Rule 10b-5 — specifically, whether someone could be held liable for insider trading simply by trading while in possession of inside information, or whether a trier of fact must find that the person actually used that inside information when making the trade.
SEC Inside - Affirmative legal defense for planned trades - Netflix
In paragraph (c), however, the SEC created an affirmative defense to any charge of insider trading, “designed to cover situations in which a person can demonstrate that the material nonpublic information was not a factor in the trading decision.” The provision allows an affirmative defense to insider trading when the trade was made pursuant to a contract, instructions given to another, or a written plan that “[d]id not permit the person to exercise any subsequent influence over how, when, or whether to effect purchases or sales” (10b5-1(c)(1)(i)(B)(3)), and where the plan (or contract or instructions) was created before the person had inside information. For example, a CEO of a company could call a broker on January 1 and enter into a plan to sell a particular quantity of shares of his company's stock on March 1, find out terrible news about his company on February 1 that will not become public until April 1, and then go forward with the March 1 sale anyway, saving himself from losing money when the bad news becomes public. Under the terms of Rule 10b5-1(b) this is insider trading because the CEO “was aware” of the inside information when he made the trade. But he can assert an affirmative defense under Rule 10b5-1(c), because he planned the trade before he learned the inside information.
SEC Inside - References - Netflix