Securities Registration Issues from Retirement Plans
2019.05.24 Stock Option Grants are not Sales. In Lampkin v. UBS, the 5th Circuit reviewed long-standing securities law and held that "Where employees’ participation is an “incident of employment,” there is no bargained-for exchange that requires an affirmative investment decision37—under Daniel, the “exchange of labor” is insufficient.38" . The court further observed that --
SEC Release 6281 - relevant quotes re retirement plan contributions:
Matching Contributions invested in Employer Stock
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