This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

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,...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Sign up for Daily Journal emails