Avoiding US federal securities law violations online
Apparently everyone wants to be on the web. A new study says there are now more than 320 mn web pages. Another study shows that most Fortune 500 firms have web sites. In the rush to be part of this exciting medium, however, one risk cannot be ignored: corporate web sites - despite the best of intentions - can easily run foul of US federal securities laws.
Worse yet, regulatory authorities have not released global guidelines for the web. Rather, they have issued a thicket of more than three
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Blake Bell
Blake Bell is associate counsel with Simpson Thacher & Bartlett in New York, specializing in 'cyberlaw', securities litigation and commercial litigation. He can be reached at b_bell@stblaw.com. This article reflects his views, not necessarily those...
