It’s not what you said, it’s the way that you said it
While IROs claim to be exceptionally careful about what they disclose in private meetings, mounting evidence suggests some investors continue to profit from informational ‘leakage’. Now we know why. The results of a new study suggest this very conscientiousness may, ironically, work to promote selective disclosure to preferred audiences.
‘Both the SEC and NIRI encourage greater pre-meeting preparation and consideration of materiality as effective ways to improve Reg FD compliance,’
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