This rule is designed to ensure that individual investors have equal access to information as large institutional investors, by prohibiting selective disclosure of material information.

FORBES: Connect

Thus, consultants often seek to enhance their influence with funds through a variety of devices such as limiting manager access to fund boards and selective disclosure of information regarding managers to boards.

FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )

" That's an overstatement, but Mr. Grundfest is right that social media "is a highly efficient means for broadly disseminating many different forms of information in non-exclusionary manner" and that Facebook and Twitter are "uniquely ill-suited to the selective disclosure of information.

WSJ: Gordon Crovitz: The SEC Decriminalizes Facebook Postings