Appendix A. The SEC and the Importance of Recognizing Corporate Blogs as Public Disclosure

Major newswire services have held a lock on all financial-related press releases because their wire and Web distribution channels meet full disclosure requirements for publicly traded companies as defined by the Securities and Exchange Commission (SEC).

Introduced on August 15, 2000, Regulation FD (Fair Disclosure) addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD states that when an issuer discloses material nonpublic information to certain individuals or entities—generally securities market professionals, such as stock analysts, or holders of the issuer’s securities who might ...

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