Securities
Jul. 2, 2010
SEC Renews Focus on Regulation Fair Disclosure
The Securities and Exchange Commission has cleared up murky disclosure rules between companies and shareholders, say Edward Han and Eric Long of Paul Hastings.
On June 4, 2010, the Securities and Exchange Commission's Division of Corporate Finance updated its compliance and disclosure interpretations (C&DIs) for Regulation FD (Fair Disclosure). Regulation FD C&DI 101.11 now states that the regulation does not prohibit directors from speaking privately with shareholders. This clarification was issued in response to concerns that public companies were using the regulation...
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