THUMBS UP: New Insider Rules

Physician's Money Digest, May 15 2003, Volume 10, Issue 9

When a corporate insider tradescompany stock, the transaction mustbe reported to the SEC. Until recently,the insider had until the 10th day ofthe following month to file a report,leading to a huge time lapse betweenthe trade and when it became publicinformation. If the executive sold theshares back to the company, thereport didn't have to be filed until 45days into the following fiscal year.Now, new rules require the report tobe made within 2 business days,which is going to make tracking insidertrades a lot easier, say Wall Streetobservers. Big sales are often a warningsignal; big buys may be an evenbetter indicator of what's comingup. You can track insider sales athttp://finance.yahoo.com.