Settlement in Reg Fd Case Gives Valuable Insights
Compliance Week › Vol. 6 Nbr. 71, December 2009
Linked as:
Summary
Specifi cally, the SEC alleged that Black, in his capacity as the company's designated investor relations contact, and without informing anyone at ACL, provided "additional color" on the company's previously announced earnings guidance in an email sent on a Saturday to a handful of sell-side analysts. Black's selective disclosure and the resulting analysts' reports triggered a sharp drop in ACL's stock price on unusually high volume the following Monday.
See the full content of this document
Extract
Settlement in Reg Fd Case Gives Valuable Insights
A settlement between the Securities and Exchange Commission and a corporate executive for violating the SEC's Regulation Fair Disclosure offers guidance that could potentially help public companies avoid enforcement trouble over executives talking out of turn.
Experts s...See the full content of this document
(Copyright 2011)
Provided by ProQuest LLC. All Rights Reserved.
Content not included in vLex Global Academic product.
Sponsored links
