Series 24: Regulation FD

Regulation FD

In 2000 the SEC adopted Regulation Fair Disclosure (Regulation FD). Regulation FD attempts to curb the selective disclosure of material, nonpublic information by issuers. Selective disclosure not only degrades investor confidence in the integrity of the market, but it leads corporate managers, who may be currying favor with certain analysts or institutional investors, to treat market information as a commodity.

Regulation FD requires an issuer who inten