SEC’s social media guidance has devil in details
THE US Securities and Exchange Commission (SEC) has clarified that companies can use social media to meet their public disclosure obligations under Regulation FD if the channels they use meet certain standards and companies expressly inform investors about their disclosure practices.
Coming soon: SEC advice you can (maybe) understand
THE US Securities and Exchange Commission (SEC) is going to train about 125 employees to write clearer advice for issuers and their lawyers – but investors are unlikely to benefit from the simpler prose.
What social media pros should know about shareholder meetings and proxy solicitations
ASSUME you’re the social media manager for a publicly traded company and you’re responsible for monitoring and updating the content on all of your company’s various social networking channels. It’s the morning of June 2, 2011, and yesterday afternoon the company announced that its annual shareholder meeting will take place on August 15, 2011. The [...]
Can a tweet meet the SEC’s Fair Disclosure rules?
AS MORE companies and their executives begin to use Twitter in their investor relations communications, regulatory issues are becoming a pressing concern for IR professionals and in-house counsel.
Regulation FD: learn from prior SEC cases
WHEN business communicators think about disclosure rules, they typically worry most about Regulation Fair Disclosure (Reg FD) – but for all the angst this particular regulation causes, the Securities and Exchange Commission’s list of enforcement actions is surprisingly short.
When is information public and what constitutes a public disclosure for Reg. FD?
REGULATION FD was designed to put an end to the practice of companies selectively disclosing material nonpublic information to certain market participants who could reasonably be expected to trade on the basis of that information or to provide others with advice about trading.
Earnings calls “intrinsically public,” says transcript service
SEEKING Alpha CEO David Jackson, whose company ranks as the largest provider of free earnings call transcripts, says companies have no grounds to claim copyright over their calls.
Swatch sues Bloomberg, opens can of worms
SWISS watch company Swatch Group AG is suing Bloomberg for distributing a recording and transcript of its latest earnings call, but the case could have unintended consequences for the company and its European peers.
Disclosure leaks: Can companies take legal action?
IN RECENT weeks, several high-profile companies have had disclosure information leaked from their websites by market news providers using sophisticated search technologies to discover unpublished information on unsecured staging URLs.
How do you know if information is material?
Deciding whether a particular piece of information is material is probably one of the most difficult aspects of complying with Regulation FD.
Regulation Fair Disclosure: an overview
THE 90’s brought us faster computers, high-speed Internet access and online retail trading, all of which contributed to an increased awareness of the disparity between market information available to professional and retail investors.
Tulip Bulbs, the SEC and Twitter
HELLO IR Web Report readers, I’m here to hopefully provide you with a bit of perspective on how the U.S. federal securities laws can come into play in the context of a web-based investor relations practice. But, being that I am a lawyer, the first thing I have to do is refer you to a [...]
SEC in spotlight on critical issues
IS THE U.S. Securities and Exchange Commission becoming too pro-business? Or, as many in the business community claim, are its rules anti-business and hurting Corporate America’s competitiveness? The Washington Post’s SEC reporter Carrie Johnson today previews the critical issues that the SEC must decide in the coming weeks. The report provides interesting perspective on House [...]
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