UPS Target

Executives are in the firing line over prearranged trading plans

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fnlondon.com

The Justice Department and the Securities and Exchange Commission are hunting for a new type of insider trading case, one that once seemed too daunting for regulators and prosecutors to touch.What distinguishes the new targets is the use of prearranged trading plans, which chief executives and other officers of public companies have historically used to insulate themselves from accusations of insider trading.

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