Wyeth just gave the market a lesson in the limits of fair disclosure in medicine.
The Report offers no guidance as to how the actual medium used affects the Fair Disclosure analysis.
Specific language on these new requirements is is being added to a 2000 law, Regulation Fair Disclosure.
FORBES: Netflix's Win Over SEC Will Test Investors And Social Media
The clarification updates existing wording, Regulation Fair Disclosure, that sanctioned corporate websites as an appropriate means to distribute information.
FORBES: Netflix CEO Reed Hastings' Facebook Flap Forces SEC Into 21st Century
The Fair Disclosure change deprives ratings agencies from access to privileged (insider) information.
Tuesday's settlement represents only the second time the SEC has extracted a penalty from a company that allegedly violated Regulation Fair Disclosure.
U.S. regulators also subpoenaed Avon last October over its contact with analysts and others as part of an investigation related to fair disclosure under Regulation FD.
It was just two years ago that the U.S. Securities and Exchange Commission implemented Regulation Fair Disclosure (RegFD) to stop companies from selectively sharing news with certain analysts or investors.
The rule, Regulation Fair Disclosure, was adopted in 2000 to address a leg-up some institutional investors were getting via information about public companies that was not available to all investors.
FORBES: Don't Blame The SEC, Netflix CEO's Facebook Post Is Questionable
In 1999, the U.S. Securities and Exchange Commission (SEC) proposed and later ratified Regulation Fair Disclosure to address selective releases of material information by publicly traded companies and other issuers.
FORBES: Short-Seller Attacks Highlight Chinese Companies Social Media Shortcomings
Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
Under the changes to the SEC's Regulation Fair Disclosure rules, firms will have to note on their websites and press releases that they will use social media to make future announcements, to ensure that all shareholders are made aware.
BBC: SEC clears use of social media for company announcements
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
FORBES: YouTube Annuities Videos Lead To Fine And Suspension
In Hong Kong, Chau expects that falling interest rates will help stocks as a whole, especially such blue-chip property developers as Cheung Kong and Sun Hung Kai Properties, both Chau holdings, since lower borrowing costs should stimulate demand for property. (Fair disclosure: Through cef Holdings, Cheung Kong is an investor in Chau's employer, TAL CEF Global Asset Management).
The fair-disclosure rule at issue requires companies to disseminate information in a way that wouldn't be expected to give an advantage to one group of investors over another.
WSJ: SEC Says Companies Can Use Social Media to Alert Investors
The agency said Netflix and Mr. Hastings seemed to run afoul of fair-disclosure rules because they hadn't previously used Facebook to announce important information and hadn't told the public the page could be such an outlet.
WSJ: SEC Says Companies Can Use Social Media to Alert Investors
As the driving force behind our economy, consumers deserve clear rules, fair treatment, and full disclosure.
EGCs and underwriters view the benefit of additional information as outweighing the cost, as it allows more thorough discussion and analysis of trends and uncertainties, as well as more meaningful due diligence to make sure the disclosure overall is fair and accurate.
FORBES: On Its One-Year Anniversary, Two Cheers For The JOBS Act
Is it fair to go after a polluter over an ownership disclosure?
Moreover, take advantage of U.S. laws requiring full financial disclosure and the performance of fiduciary duties between spouses, requiring fair and honest dealing during divorce or separation.
That's on top of more lengthy disclosure of break-point discounts, holdings, market-timing policies and fair valuation of securities.
应用推荐