Replies to post #474473 on Mr Cooper Group Inc (COOP)

[BBANBOB]

JWW
Thank you, I had forgotten they changed that a couple of years ago, so puts the issue to rest now

Not that I think it will in anyway change what this CC is all about or not, but thank you again for keeping it real.

I actually believe we had this debate once before on WMIH.


Disclosure of Material News
Companies listed on The N
asdaq
Stock Market are subject to regulations regarding th
e disclosure of
material news. “Material news” is information that would reasonably be expected to affect the value of
a company’s securities or influence investors’ decisions.
Nasdaq-
listed companies are generally required to:
•
Disclose material news promptly to the public through any
Regulation FD
-compliant method
or
combination of methods
, including:
o
Broadly disseminated press release
o
Furnishing to or filing a Form 8-
K or Form 6-
K with the SEC (may also include Forms 10-
Q
and 10-
K)
o
Conference calls*
o
Press conferences*
o
Webcasts*
o
Company web sites (For more information, please see
“SEC Guidance on the Use of
Company Web Sites
– August 2008”
o
Social media channels
(For more information, please see
“SEC
Says Social Media OK for
Company Announcements if Investors
Are Alerted”
).
* As long as the public is provided adequate notice (generally by press release) and granted access.
•
Provide
Nasdaq
MarketWatch
at least ten minutes prior
notice of certain material news events
when the public release of the information is made between
7:00 a.m. to 8:00 p.m. ET. If the
public release of the material information is made outside of 7:00 a.m. to 8:00 p.m. ET
, notify
MarketWatch prior to 6:50 a.m. ET. Notification must be made
via th
e
Electronic Disclosure
Submission System
.
MarketWatch reviews material news notifications and, w
hen appropriate,
may implement a temporary
trading halt to permit the public dissemination of the material news.
For more information, please see our
frequently asked questions
.

[clawmann]

Here is what the SEC has to say about the specific issue we are discussing:

https://www.sec.gov/divisions/corpfin/guidance/regfd-interp.htm

Section 102. Rule 101: Definitions

Question 102.01

Question: If an issuer wants to make public disclosure of material nonpublic information under Regulation FD by means of a conference call, what information must the issuer provide in the notice and how far in advance should notice be given?

Answer: An adequate advance notice under Regulation FD must include the date, time, subject matter and call-in information for the conference call. Issuers also should consider the following non-exclusive factors in determining what constitutes adequate advance notice of a conference call:

Timing: Public notice should be provided a reasonable period of time ahead of the conference call. For example, for a quarterly earnings announcement that the issuer makes on a regular basis, notice of several days would be reasonable. We recognize, however, that the period of notice may be shorter when unexpected events occur and the information is critical or time sensitive.

Availability: If a transcript or re-play of the conference call will be available after it has occurred, for instance via the issuer's website, we encourage issuers to indicate in the notice how, and for how long, such a record will be available to the public. [Aug. 14, 2009]