As I noted in a prior post, the proper procedure when a company gives out material information selectively is to follow-up with an 8-K filing that describes the selectively-disclosed information. Doing this promptly absolves the company from legal liability under Reg FD.
Non-responsive. But to clarify - find all successful prosecutions of companies for Reg FD violation and I'll bet all, or virtually all, are about disclosure to a privledged class. None or very very few are about disclosure to anyone and everyone who called even if it was material and they didn't file an 8-K
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