![]() ![]() Under federal securities laws, individuals who engage in illegal insider trading or tipping can be liable for substantial criminal and civil penalties, including (i) imprisonment for up to 20 years (ii) criminal fines of up to $5 million and (iii) civil penalties of up to 3 times the profits gained or losses avoided. Stock market surveillance techniques are sophisticated, and the SEC and other regulatory authorities can identify all parties to every stock trade. Attorneys and state enforcement authorities investigate and pursue insider trading violations vigorously. Securities and Exchange Commission (“SEC”), U.S. Arconic and its directors, officers and employees worldwide must act in a manner that does not misuse material financial or other information that has not been publicly disclosed. Unlawful insider trading occurs when a person uses material nonpublic information, obtained through employment or other involvement with a company, to make decisions to trade that company’s securities or to provide that information to others to trade. The Arconic Corporation (“Arconic”) Insider Trading Policy (the “Policy”) is designed to prevent insider trading violations or allegations of such violations, to protect Arconic’s reputation for integrity and ethical conduct, and to maintain the confidence of shareholders and the public markets. 15 U.S.C., Chapter 2B-1 - Securities Investor Protection Act.15 U.S.C., Chapter 2B - Securities Exchanges. ![]()
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