January 29, 1973
AMENDED RULES REGULATING TRADING BY BROKER OR DEALER WHO IS A DIRECTOR OR OFFICER OF THE ISSUER OF A LISTED SECURITY
In order to prevent abuse in the use of inside information to the prejudice of investors, the Securities and Exchange Commission, pursuant to the authority vested in it by the Securities Act and Republic Act No. 1143, hereby promulgates the following rules: LexLib
1. No broker or dealer or his salesmen shall make use of the facilities of a stock exchange to sell, directly or indirectly, on his own personal account, or for his firm, securities of any corporation incorporated after the effectivity of these rules, of which he is a director or officer within the following periods:
a) If he acquires the shares of such corporation at the time of its incorporation or thereafter but before their listing in an exchange, within two (2) years from the date of such listing;
b) If he acquires the shares after listing, within one (1) year from date of acquisition;
c) If he acquires the shares before his election...
