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kookiekook

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kookiekook

Re: Chandler_ post# 1943

Friday, 02/14/2014 10:21:25 AM

Friday, February 14, 2014 10:21:25 AM

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My understanding is that the FDA can not release any information until after the company makes the announcement. This rule was instituted because some individuals had access to the PR director of the FDA and would find out the verdict before the company announced it and were using this information to trade to their advantage. When looked at by the SEC, this was the compromised reached.

Sometimes the stock market seems like sailing a wooden ship into a sea of burning oil.

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