This Policy Statement implements procedures to deter the misuse of material, nonpublic information in securities transactions. The Policy Statement applies to securities trading and information handling by directors, officers and employees of the company (including spouses, minor children and adult members of their households).
West Virginia Policies and Procedures Designed to Detect and Prevent Insider Trading is an unlawful practice where individuals with privileged information about a company's stock trade on that information for personal gain, to the detriment of other investors. To ensure fair and transparent markets, West Virginia has implemented various policies and procedures to detect and prevent insider trading. These measures aim to safeguard investors' interests, maintain market integrity, and promote confidence in the state's financial system. West Virginia's policies and procedures encompass a range of regulatory measures and enforcement actions, including: 1. Insider Trading Restrictions: West Virginia institutes strict restrictions on individuals who possess material nonpublic information about a company. Such individuals are prohibited from trading or tipping others based on that information until it becomes public. 2. Disclosure Requirements: Companies operating within West Virginia are required to disclose material information promptly and accurately to all investors. This ensures that all market participants are equally informed and can make unbiased investment decisions. 3. Trading Suspensions: In cases where potential insider trading is suspected, West Virginia's regulatory authorities have the power to temporarily suspend trading in the affected securities. This helps prevent further market manipulation and allows for a thorough investigation. 4. Enforcement Agencies: The West Virginia Secretary of State's Office, along with the West Virginia State Police and other relevant agencies, collaboratively enforce insider trading regulations. They conduct regular surveillance of trading activities and investigate any suspicious transactions that might indicate insider trading. 5. Whistleblower Protection: West Virginia has a well-defined system to protect whistleblowers who report instances of insider trading. Individuals who come forward with credible information receive legal protections, including protection against retaliation from their employers. 6. Regulatory Collaboration: West Virginia actively collaborates with other regulatory bodies, such as the Securities and Exchange Commission (SEC), to share information, investigate cases, and enforce insider trading regulations more effectively. 7. Policy Awareness and Training: West Virginia emphasizes the importance of educating market participants about insider trading regulations. Various training programs and awareness campaigns are conducted to educate investors, employees, and industry professionals about their obligations and the consequences of engaging in insider trading. It is essential to note that the policies and procedures designed to detect and prevent insider trading in West Virginia align with federal laws and regulations, particularly those established by the SEC. These measures collectively aim to maintain fair and efficient markets, prevent financial fraud, and protect the interests of investors in the state. By implementing stringent regulations, promoting transparency, and fostering a culture of compliance, West Virginia strives to ensure that its financial markets remain a safe and trustworthy destination for investors.West Virginia Policies and Procedures Designed to Detect and Prevent Insider Trading is an unlawful practice where individuals with privileged information about a company's stock trade on that information for personal gain, to the detriment of other investors. To ensure fair and transparent markets, West Virginia has implemented various policies and procedures to detect and prevent insider trading. These measures aim to safeguard investors' interests, maintain market integrity, and promote confidence in the state's financial system. West Virginia's policies and procedures encompass a range of regulatory measures and enforcement actions, including: 1. Insider Trading Restrictions: West Virginia institutes strict restrictions on individuals who possess material nonpublic information about a company. Such individuals are prohibited from trading or tipping others based on that information until it becomes public. 2. Disclosure Requirements: Companies operating within West Virginia are required to disclose material information promptly and accurately to all investors. This ensures that all market participants are equally informed and can make unbiased investment decisions. 3. Trading Suspensions: In cases where potential insider trading is suspected, West Virginia's regulatory authorities have the power to temporarily suspend trading in the affected securities. This helps prevent further market manipulation and allows for a thorough investigation. 4. Enforcement Agencies: The West Virginia Secretary of State's Office, along with the West Virginia State Police and other relevant agencies, collaboratively enforce insider trading regulations. They conduct regular surveillance of trading activities and investigate any suspicious transactions that might indicate insider trading. 5. Whistleblower Protection: West Virginia has a well-defined system to protect whistleblowers who report instances of insider trading. Individuals who come forward with credible information receive legal protections, including protection against retaliation from their employers. 6. Regulatory Collaboration: West Virginia actively collaborates with other regulatory bodies, such as the Securities and Exchange Commission (SEC), to share information, investigate cases, and enforce insider trading regulations more effectively. 7. Policy Awareness and Training: West Virginia emphasizes the importance of educating market participants about insider trading regulations. Various training programs and awareness campaigns are conducted to educate investors, employees, and industry professionals about their obligations and the consequences of engaging in insider trading. It is essential to note that the policies and procedures designed to detect and prevent insider trading in West Virginia align with federal laws and regulations, particularly those established by the SEC. These measures collectively aim to maintain fair and efficient markets, prevent financial fraud, and protect the interests of investors in the state. By implementing stringent regulations, promoting transparency, and fostering a culture of compliance, West Virginia strives to ensure that its financial markets remain a safe and trustworthy destination for investors.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
