Here’s a copy of an email I received this morning:
Now, isn’t that an incredibly useful and convenient service? The IR department sends these to me weekly when new analyst reports or notes are issued. The same information is published on the company’s website. As a retail investor, one far from proficient in German, I probably would never get this information if not for them.
So why is it illegal, or almost illegal, to do this in other countries? Whose interests are really served by discouraging companies from sending me this kind of information? Certainly not mine. The more information I have, the better.
It is high time for regulators to take a hard look at the rules around companies providing third-party content and independent perspectives. They should stop treating all companies as potential fraudsters and all investors as children.
What do you think?
P.S. I don’t own shares in RWE AG. We just subscribe to the email alerts of all the companies whose websites are included in our IR website benchmarking survey. And, no, this type of email is not common, but it should be.
P.P.S. Yes, they include downgrades, too. The one prior to this led with the downgrade news. Here’s a screenshot: