Securities,
Corporate
May 4, 2013
SEC says Facebook, Twitter disclosures capable of complying with Regulation FD
The intersection of social media and Regulation FD has received a lot of attention, particularly following the announcement of an SEC enforcement investigation into Netflix and its CEO Reed Hastings.
Nora Gibson
Partner, Covington & Burling LLP
Todd Hamblet
Special Counsel, Covington & Burling LLP
Todd focuses on domestic and international capital markets transactions, including SEC-registered equity and debt offerings, Regulation S/Rule 144A global offerings, Rule 144A private placement offerings, PIPEs and private placements of equity and debt securities. Mr. Hamblet also advises issuers regarding ongoing SEC reporting and compliance and corporate governance matters.
On April 2, the Securities and Exchange Commission issued a report that confirms social media disclosures by public companies and their officers are capable of complying with Regulation FD, the SEC's regulation prohibiting selective disclosure of material nonpublic information. The intersection of social media and Regulation FD has received a lot of attention in the media and within legal communities, particularly following the announcement of an SEC enforcement investigation into Netflix,...
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