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Koufax

01/24/11 11:41 AM

#69672 RE: ratobranco #69669

Reg FD suggests otherwise. When company insiders speak to investors, they are well advised to do so either by sticking to info that is in SEC filings or by disseminating all information publicly. That is why there are dial-in CCs, which are largely a creation of Reg FD.
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cliffvb

01/24/11 11:50 AM

#69677 RE: ratobranco #69669

Perhaps, here is something I posted earlier:

Maj also needs to be very careful about releasing market moving information on a selective basis: I am no expert but here is some info on it:

Security analysis and insider trading: Security analysts gather and compile information, talk to corporate officers and other insiders, and issue recommendations to traders. Thus their activities may easily cross legal lines if they are not especially careful. The CFA Institute in its code of ethics states that analysts should make every effort to make all reports available to all the broker's clients on a timely basis. Analysts should never report material nonpublic information, except in an effort to make that information available to the general public. Nevertheless, analysts' reports may contain a variety of information that is "pieced together" without violating insider trading laws, under the mosaic theory.[17] This information may include non-material nonpublic information as well as material public information, which may increase in value when properly compiled and documented.

Here's that link:

en.wikipedia.org/wiki/Insider_trading