SEC Rules Disclosure of Securities Information Must Not Be Selective

WASHINGTON, D.C.--The Securities and Exchange Commission has issued a new disclosure rule called Regulation FD (Fair Disclosure) that addresses selective disclosure. Under the regulation, corporate executives, spokespersons or people acting on behalf of a corporation cannot selectively provide material nonpublic information to securities market professionals who may trade on the basis of that information. Rather, disclosure of that information must be widely disseminated to the public as a w