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Under the new regulation, 10b5-1 of the Sec and Exchange Act of 1934, one can assert an affirmative defense to insider trading if one can show that he has a plan, contract, etc in existence before he found out the material information.

Does anyone have any ideas about how such plans would be structured?

We're wizards here, but our magic sometimes is suspect when we venture away from tax law. You might want to try one of the boards in the Investors' Roundtable:

Phil Marti
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