Some say Regulation FD will have a chilling effect on corporate communications. Freeze or no freeze the word must get out
On October 23 the SEC's Regulation FD (for 'fair disclosure') will take effect and corporate communicators are fearing the worst. The commission has made selective disclosure its cause celebre and it has new ammunition. So IROs find themselves caught between probing analysts and stern regulators. What can they do? The answer, for many of them, is to simply shut their mouths.
Since FD was approved in August there has been an increased conservatism about disclosure. The regulation essentially
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