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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: Luke who wrote (815)3/15/2000 7:53:00 AM
From: Jim Oravetz  Read Replies (1) | Respond to of 52153
 
OT,I thought people might like to see that the SEC wants some input on this:

Selective Disclosure and Insider Trading Rule Proposals

... The Commission is proposing a new Regulation FD (Fair Disclosure), which does not treat selective disclosure under insider trading laws, but rather creates requirements for fair disclosure practices by companies.

Proposed Regulation FD would require that:

(1) whenever an issuer intentionally discloses material information, it do so through public disclosure, not through selective disclosure; and
(2) whenever an issuer learns that it has made a on-intentional material selective disclosure, the issuer make prompt public disclosure of that information.

Under the proposal, an issuer could make the required public disclosure through one of several methods: (1) filing the information with the Commission; (2) issuing a press release; or (3) providing public access (for example, by phone access or webcast) to the conference call or meeting..

sec.gov

sec.gov

Jim