Exception to Code 83 Guidelines to the Non-Transferability Rule The Code 83 regulations contain an important exception to the non-transferability rule that arises mostly with stock option grants, despite the fact that restricted stock grants are the type most often impacted by Code Section 83. The exception to the regulations relates to profits realized under…

After a month-long trial, Michael Steinberg, a senior employee of SAC Capital was convicted of four counts of securities fraud and one count of conspiracy.  The SEC is going after Steven A. Cohen who denies any wrongdoing.  The SEC is going after other employees at SAC Capital until they have built up a stronger case…