Regulation Fair Disclosure, also commonly referred to as Regulation FD or Reg FD, is a regulation that was promulgated by the U.S. Securities and Exchange Commission (SEC) in August 2000. The rule mandates that all publicly traded companies must disclose material information to all investors at the same time.
The regulation sought to stamp out selective disclosure, in which some investors (often large institutional investors) received market moving information before others (often smaller, individual investors).
Regulation FD fundamentally changed how companies communicate with investors by bringing more transparency and more frequent and timely communications, perhaps more than any other regulation in the history of the SEC.
Most of the corporate announcements are issued in press releases or during the conference calls and are summarized at websites.
Read more about Regulation Fair Disclosure: Background On Reg FD
Famous quotes containing the words regulation and/or fair:
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)
“What a devil hast thou to do with the time of the day? Unless hours were cups of sack, and minutes capons, and clocks the
tongues of bawds, and dials the signs of leaping-houses, and the blessed sun himself a fair hot wench in flame-colored
taffeta, I see no reason why thou shouldst be so superfluous
to demand the time of the day.”
—William Shakespeare (1564–1616)