Commissioner Hester M. Peirce on new Insider Trading rules: While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad.
Source: https://www.sec.gov/news/statement/peirce-insider-trading-20221214
Thank you, Chair Gensler. While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad. It should help insiders to trade without fear of liability, while making it more difficult