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Re: geo_newfie post# 113319

Wednesday, 12/08/2010 12:10:03 AM

Wednesday, December 08, 2010 12:10:03 AM

Post# of 233828
The question is,what is considered"important imformation"?How do you define that?Now I know what the arguement will be about talking to an investor,and discussing something that could be considered"inside" information,but what too many fail to realize is,it is not illegal or against any SEC regulations to give an investor information about company business,even if it is considered"inside"information,but with conditions according to SEC regulations>>>>>>> Rule 100(b)(2) sets out four exclusions from coverage. The first, as proposed, is for communications made to a person who owes the issuer a duty of trust or confidence -- i.e., a "temporary insider" -- such as an attorney, investment banker, or accountant. The second exclusion is for communications made to any person who expressly agrees to maintain the information in confidence. 28 Any misuse of the information for trading by the persons in these two exclusions would thus be covered under either the "temporary insider" or the misappropriation theory of insider trading. This approach recognizes that issuers and their officials may properly share material nonpublic information with outsiders, for legitimate business purposes, when the outsiders are subject to duties of confidentiality.....good night!
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