SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gammaray who wrote (307)6/30/2002 7:33:57 AM
From: Mahatmabenfoo  Read Replies (1) of 394
 
SEC rule

It's unfair -- and illegal -- for a company to selectively disclose information to only some sharholders when the information could lead to a buy or sell decision. For example, when a GTSM insider whispers to a shareholder that GTSM has a major new facility (see RB for evidence of this example) before it's been publicly announced, he's breaking the law.

But what GTSM is worse -- it has high level insiders whispering info that's not merely undisclosed, it's DIFFERENT than that GTSM's SEC statements say.

- Charles

================================================
sec.gov

ACTION: Final rule.

SUMMARY: The Securities and Exchange Commission is adopting new rules to address three issues: the selective disclosure by issuers of material nonpublic information; when insider trading liability arises in connection with a trader's "use" or "knowing possession" of material nonpublic information; and when the breach of a family or other non-business relationship may give rise to liability under the misappropriation theory of insider trading. The rules are designed to promote the full and fair disclosure of information by issuers, and to clarify and enhance existing prohibitions against insider trading.

EFFECTIVE DATE: The new rules and amendments will take effect October 23, 2000.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News