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Thursday, April 03, 2014 7:13:55 PM
Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. (In todays PR, so IMO, FB-Twitter is it!)
The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it. (In todays PR, so IMO, FB-Twitter is it!)
Today’s report clarifies that company communications made through social media channels could constitute selective disclosures and, therefore, require careful Regulation FD analysis.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171513574#.Uz3XssdgPvc
I repeat:
"New material filings are anticipated, so to ensure in the future that current shareholders have the transparency they deserve, we have created several new social media outlets to enable the viewing of these releases."
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