Section 16, part of the Securities Exchange Act of 1934, establishes filing requirements for directors, officers, and major shareholders of public companies to promote transparency and prevent fraud.

The Situation: President Trump has signed into law the Holding Foreign Insiders Accountable Act (the "Amendment"), which amends Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act" ...

With respect to a registered class of equity securities − such as common stock − of a publicly held issuer, Section 16(a) of the Exchange Act requires directors and officers of the issuer, as well as ...