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SEC To Vote On Regulation FD
Vote Set for Thursday, August 10, 2000
The SEC has scheduled a vote on its controversial proposed “full disclosure” regulation, Regulation FD, for Thursday, August 10, even as aggressive lobbying continues from both sides and two of the four sitting Commissioners have said that they do not know how they will vote.
From the SEC News Digest:
OPEN MEETING – THURSDAY, AUGUST 10, 2000 – 10:00 A.M.
The subject matter of the open meeting scheduled for Thursday, August 10, will be: The Commission will consider adopting new rules to address three issues:
(1) the selective disclosure by issuers of material nonpublic information (Regulation FD);
(2) whether insider trading liability requires “use” or “knowing possession” of material nonpublic information (Rule 10b5-1); and
(3) when a family or other non-business relationship gives rise to liability under the misappropriation theory of insider trading (Rule 10b5-2).
Copyright 2000, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to email@example.com
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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