Not exact matches
Most publicly
traded companies have established
blackout periods that typically restrict
trading in shares just prior to the quarter end and immediately after the company reports.
This
blackout period creates windows of time when the company is repurchasing its own shares alongside public investors, and a separate window when it's just the public
trading.
Not surprisingly, the «VIX tantrum» corresponded to the tail end of the buyback
blackout period (the SEC forbids buybacks during quarterly reporting to control insider
trading).
Boards of directors hoping for some sort of clarity about share -
trading windows for insiders and the appropriate
blackout periods before the release of price - sensitive information will be sorely disappointed by the latest announcement from the corporate regulator.
The broader questions of share -
trading windows and
blackout periods will continue to challenge boards of directors.