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| Authored by: s65_sean on Tuesday, May 01 2012 @ 06:12 PM EDT |
<blockquote>You don't get permission from the SEC. You disclose everything
to the public and your investors through the SEC filings.</blockquote>
Most companies disclose to investors through analyst conference calls, usually
the same day they they make the filings with the SEC, but if they only filed the
reports with the SEC, then it would be days or weeks before the SEC processes
the information and makes it available to the public. And that is financial
statements only. Companies disclose many other items of material information
about the company through press releases. The SEC rules require that these types
of announcements be made in such a way as to not prejudice one group of
investors over another, but press releases are an accepted method of disclosing
material information without filing something with the SEC. Adding a blog as an
acceptable method of disclosing material information required the SEC's
approval. Jonathan Schwartz testified to that in this trial.
[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Tuesday, May 01 2012 @ 06:23 PM EDT |
| n/t [ Reply to This | Parent | # ]
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| Authored by: jonathon on Wednesday, May 02 2012 @ 12:08 AM EDT |
Martha Stewart's problem was not insider trading. The issue was that she wasn't
entirely truthful about the transactions.
(IOW, she should have talked to a lawyer, before she talked to the
investigator.)[ Reply to This | Parent | # ]
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