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rca

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Alias Born 03/25/2006

rca

Re: soupoftheday post# 2947

Friday, 01/23/2009 12:55:37 PM

Friday, January 23, 2009 12:55:37 PM

Post# of 14162
The purpose of Regulation FD is to make sure that people don't receive the information ahead of time and trade on that information. For instance, if he told you information and you bought the stock, then he makes it public next week and it jumps, you gained an advantage. We call it securities fraud and insider trading, and it's what Regulation FD is meant to clearly prohibit.