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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts
According to the SEC’s complaint, AT&T learned in March 2016 that a steeper-than-expected decline in its first quarter smartphone sales would cause AT&T’s revenue to fall short of analysts’ estimates for the quarter. The complaint alleges that to avoid falling short of the consensus revenue estimate for the third consecutive quarter, AT&T Investor Relations executives Christopher Womack, […]
Should SEC Resurrect Broad Punishments for Companies That Talk to Analysts? | ThinkAdvisor
The SEC’s August Reg FD case may not signal a return to the commission putting on its “amateur psychologist hats,” but a resurgence of Reg FD cases could resurrect fears of “chilling effects” on public disclosure and a re-examination of the constitutionality of Reg FD. via Should SEC Resurrect Broad Punishments for Companies That Talk […]
SEC Charges TherapeuticsMD With Regulation FD Violations
The Securities and Exchange Commission today charged TherapeuticsMD Inc., a pharmaceutical company headquartered in Boca Raton, Florida, with violations of Regulation FD based on its sharing of material, nonpublic information with sell-side research analysts without also disclosing the same information to the public. The SEC’s order finds that on two separate occasions in 2017, TherapeuticsMD […]
How Some Investors Get Special Access to Companies – WSJ
P&G says it is careful not to reveal market-sensitive information to investors and analysts who get special access to the company. For the past 15 years, selective disclosure by companies has been illegal under U.S. securities rules. Yet the same rules explicitly allow private meetings like those by P&G. The result is a booming back […]
Netflix and its CEO Receive Wells Call Over Supposed ‘Disclosure’ Via Facebook Post
SEC reportedly believes information on Facebook page was material and subject to Regulation FD.
CEO pushes Reg FD limits on Twitter
WebMediaBrands Inc.’s CEO is redefining how corporate executives communicate with investors.
Despite Reg FD, study finds traders profit from private CEO meetings
Are investors still able to exploit selective access to management, despite Reg FD?
Can a tweet meet the SEC’s Fair Disclosure rules?
Applying the SEC’s the SEC’s 2008 Reg FD framework to Twitter.
Google’s Announcements on Financial Performance Now Exclusively Released On Its IR Website
Google will make financial disclosures exclusively on this “recognized channel.”