Introduction: Why Insider Trading Is Not Just Theory
July 2026. The U.S. Securities and Exchange Commission (SEC) has initiated over 60 cases related to insider trading in the first half of the year alone. Fines run into millions of dollars, and criminal sentences into years of prison. For lawyers working with international corporations, knowledge of U.S. insider trading regulation has become a necessity, not an advantage.
The course "SEC and Insider Trading: Regulation and Compliance" on the asibiont.com platform is a practical guide for those who want to understand how the SEC works, what rules govern insider transactions, and how to build a compliance program that meets U.S. standards.
What You Will Learn in the Course
The course program covers key aspects of U.S. insider trading regulation, starting with fundamental documents:
- Securities Exchange Act 1934 (Section 10(b) and Rule 10b-5) — the SEC's main anti-fraud tool. You will understand what constitutes fraud in the context of securities trading.
- Insider Trading Sanctions Act 1984 — how penalties for insider trading were tightened.
- Insider Trading and Securities Fraud Enforcement Act 1988 — expansion of liability for companies and their employees.
- Dodd-Frank Act (whistleblower provisions) — the whistleblower reward program that fundamentally changed enforcement practices.
You will also study enforcement mechanisms: how the SEC conducts investigations, how the DOJ (Department of Justice) handles criminal prosecution, and what sanctions are applied. A separate block is devoted to practical compliance tools: 10b5-1 trading plans, pre-clearance procedures, and blackout periods.
Skills You Will Gain
After completing the course, you will be able to:
- Analyze transactions for insider trading — understand what constitutes "material non-public information" and when its use becomes a violation.
- Develop compliance programs — create internal policies, including Rule 10b5-1 trading plans, pre-clearance procedures, and blackout periods.
- Navigate precedents — analyze landmark cases: SEC v. Texas Gulf Sulphur (1968), Dirks v. SEC (1983), United States v. O'Hagan (1997), Martoma case (2014).
- Advise clients — from startups to large corporations on SEC compliance issues.
Who This Course Is For
The course is designed for:
- Lawyers (corporate, compliance officers, attorneys) who want to deepen their knowledge of U.S. regulation.
- Law students planning a career in international law or compliance.
- Entrepreneurs and investors who want to avoid insider trading risks in their companies.
| Target Audience | Why This Course |
|---|---|
| Corporate lawyers | Developing compliance programs for companies listed on NASDAQ/NYSE |
| Compliance officers | Understanding SEC requirements for trading plans and monitoring |
| Students | Preparing for exams (CFA, FINRA) and practice |
| Investors | Assessing risks in transactions involving insider information |
How Learning Works on asibiont.com
Learning takes place on the asibiont.com platform, which uses artificial intelligence to generate personalized lessons. Unlike classic online courses with recorded videos, here each student receives an adapted program.
How it works:
- You specify your level (beginner, practicing lawyer, expert) and goals (e.g., "understand Rule 10b-5" or "learn to develop 10b5-1 plans").
- The neural network generates text lessons that match your request. If you are already familiar with the basics, AI can delve deeper into case law or enforcement details.
- Lessons are presented in text format — convenient for reading on any device, at any time. You can return to a difficult topic, reread a section, or take notes.
- AI explains complex legal concepts in simple language, provides examples from real cases, and answers your questions during the learning process.
Why AI Learning Is Modern
Traditional courses often suffer from uniformity: the same program for everyone, regardless of experience. AI changes this:
- Personalization: the neural network analyzes your progress and adjusts content. If you quickly master Section 10(b), AI can move to details of Rule 10b-5 or directly to precedents.
- 24/7 accessibility: learn at your convenience, without being tied to webinar schedules.
- Depth: AI can generate additional explanations on request. For example, ask "How did the Dirks case affect tipper/tipee practice?" — and get a detailed answer with quotes from the Supreme Court decision.
- Practical focus: lessons include tasks for analyzing real cases (e.g., examining the facts of SEC v. Texas Gulf Sulphur).
How to Get Started
The course "SEC and Insider Trading: Regulation and Compliance" is available on asibiont.com. You don't need to wait for a cohort start or buy expensive programs — just register, specify your goals, and AI will begin learning.
Learn more and enroll in the course: SEC and Insider Trading: Regulation and Compliance.
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