Georgia Bard's Corner Message Board

STOCKTALK

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.

Pastimes : Georgia Bard's Corner

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bob sims who wrote (5216)	4/8/1999 9:14:00 PM
From: Ga Bard	Read Replies (1) of 9440

I am getting feedback on the relentless personal attacks by this group of emotional witch-hunters and one of them just sent me this link. I feel it flows right in line with this thread... Nothing like trying to convict on innuendo ... Most people should just let a judge rule. If I ever get charged in anything, it will take a judge to tell me I did something wrong. I have follwed attorney's opinions and I am entitled to rely on those opinions. :-) post-gazette.com also here is another tid bit I found interesting also: Big Changes Looming for Disclosure Rules The SEC is nervous because some investors are making big money by getting early information. As a result, the regulators are thinking about tightening disclosure rules to make companies announce news to all investors at the same time, according to a New York Times Online article by Melody Petersen. SEC lawyers are reviewing the matter of companies giving early information to analysts and investors before the general public. So, a review is underway, and it might take as long as nine months before news disclosure rules are announced for public companies. One result might be a rule ordering companies to issue news releases with any significant new information they plan to tell analysts or certain investors at invitation-only meetings or during conference calls that are not open to the public or even to news media. One reason for the SEC's caution in taking months to come to any decisions is that they don't want any new rules to reduce the amount of information that companies give to analysts and the public. SEC chairman Arthur Levitt, the Times article noted, "has criticized companies for selectively disclosing key information to certain investors. "Levitt has pointed out, for example, how some corporate executives often call their favorite stock analysts to discuss earnings results before the numbers are released to the public." Some background observations: Contemporary disclosure rules date back nearly 30 years to the Texas Gulf Sulphur (Canada) and Pig 'n' Whistle (Chicago) cases in the early 1970s. In recent years the analysts meetings and telephone conference calls have become an industry unto themselves. As a result, the SEC fears, the little guy is left out of the picture and can be financially damaged or lose financial gains by being at the tail end of the information chain. It's probably the volume/frequency of the private meetings and phone hook-ups that has caught SEC attention in that the whole disclosure foundation could erode if steps aren't taken at this time. GB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next