As a timely reminder to those of us who work with public companies, the SEC just charged an investor relations person at a public company with selective disclosure of what was material non-public information.
Those of us who’ve worked with public companies for many years recall the outrageous abuses which prompted Reg FD in order to promote full and fair disclosure of material financial information.
Even after Reg FD, however, occasionally company executives forget or get sloppy about following the disclosure rules strictly.
This case, then, is a valuable reminder to us all. Please click here to take you to the article by Holland & Knight which describes the circumstances of the case.