Friday, January 26, 2001 10:32:16 PM
Rule 100 of Regulation FD sets forth the basic rule regarding selective disclosure. Under this rule, whenever:
(1) an issuer, or person acting on its behalf,
(2) discloses material nonpublic information,
(3) to certain enumerated persons (in general, securities market professionals or holders of the issuer's securities who may well trade on the basis of the information),
(4) the issuer must make public disclosure of that same information:
(a) simultaneously (for intentional disclosures), or
(b) promptly (for non-intentional disclosures).
http://www.sec.gov/rules/final/33-7881.html
For 2 reasons there is no problem here: 1)This information is neither MATERIAL nor NONPUBLIC (Police reports are public record). 2)Disclourse was not made on a selective basis.
Bill Branum
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