Facebook intends to use the investor.fb.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

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SEC, 463 U.S. 646 (1983), which established that, in order for a tipper to be held liable, they must not only have disclosed material non-public information, but have also received some personal benefit as a result of the disclosure.

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As corporate insiders, management also has access to material, non-public information regarding the corporation.

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The firms were trading Dell and NVIDIA stock based on material, non-public information.

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The Securities and Exchange Commission has authorized the use of social media channels for the disclosure of material, non-public information.

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