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To: lorne who wrote (43239)	10/17/1999 11:35:00 PM
From: lorne	Respond to of 116764

SEC Planning a Crackdown on Selective Disclosure, Chairman Levitt Says Sun, 17 Oct 1999, 12:43pm EDT " Just last week, Abercrombie & Fitch Co. warned a Lazard Freres & Co. analyst of sluggish fiscal third-quarter sales, five days before the clothing retailer made the forecast public, sending its shares tumbling 19 percent, a personal familiar with the disclosure said." "SEC officials say they plan soon to propose new selective- disclosure rules as part of a larger SEC review of insider- trading regulations that began early this year. The inquiry comes amid evidence that companies are providing information about profits, production plans, and mergers to analysts before announcing the news to the public. " Full story >>>> bloomberg.com