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Non-Tech : Traditional brokers/SEC conspiracy

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To: Bruce Cullen who wrote (56)10/20/1999 12:03:00 PM
From: Wiselight  Read Replies (2) of 104
 
WASHINGTON (Reuters) - Federal regulators moved
Tuesday to give small investors the same information
that companies engaged in mergers or acquisitions
previously may have given only to analysts and other
Wall Street insiders.
The U.S. Securities and Exchange Commission
decision that companies should file all their written
materials publicly reflects the agency's drive to end
selective disclosure of important investment
information.
"What happens if written materials are provided to
a select investor and the rest of the world doesn't get
to see it?" asked Brian Lane, head of the SEC's
corporation finance division.

cnnfn.com

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Is the SEC just realizing that Wall Street insiders
have been profiting from inside information at the expense
of the retail investors for the last 100 years?!?
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