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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (52979)3/22/1999 5:45:00 PM
From: NickSE  Read Replies (1) of 132070
 
The SEC Mulls New Disclosure Rules

LOOSE LIPS...CEOs MAY NEED TO KEEP CLOSER TABS ON WHAT THEY TELL ANALYSTS. The SEC is reviewing rules on disclosure of corporate information. The study, expected to take up to a year, (what!!!!) could result in rules requiring companies to put out press releases prior to analyst meetings or conference calls. SEC Chairman Arthur Levitt Jr. has voiced concerns about selective disclosure since last May, but recent cases--including a 16% drop in Compaq's stock in early March after execs told institutional investors that PC sales were slowing--highlighted the issue.

EDITED BY KELLEY HOLLAND
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businessweek.com
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