SEC Lets Companies Disclose Via Websites, Blogs

edadams passes along a note in the ABA Journal that reads "Corporations may now sometimes fulfill their public disclosure requirements under Regulation FD by posting information on their websites and blogs, rather than having news releases distributed by third-party companies, according to new guidance issued by the US Securities and Exchange Commission. The move is expected to cut compliance costs." Here is the SEC's policy announcement.

Comments

So let's see...

[The Ancients]

If one wants other shareholders to get the news, you Dig it.

Talk about moving into the 21st century at a great rate of knots.

What do you mean it wasn't published

[Chrisq]

It was clearly available on a the third page of "Archived news" via a password protected link named "Beware of the Tiger".

Its not our fault if you don't take an interest in local affairs.

Dear Myspace Friends of Enron

[sleeponthemic]

We is goin' down to Infinitee Nightclub wiv our new legally acquired funds!*

BTW, company totally looking possibly broken.

Drinks at 9, Lines at 7 LOL!

L8rs
Ur G'z @ Enny Ron

The CEO's blog

[MosesJones]

Monday

Today I met some people from Company X and it was all brilliant and great. Fabulous news that we are doing a big new partnership

Tuesday

I had pie for dinner

Wednesday

We've just lost $2bn as a result of an internal fraud, the FBI and CIA are now involved and all senior executives are being questioned

Thursday

I'm here in Brazil today speaking with their justice ministry, the weather is fantastic and I'm off to play golf later.

Now Jonathan Schwartz at Sun really blazed the trail here, but surely the really thing for a company to do is have such a god-awful boring blog full of mundane crap that any bad news is "published" in a place that no-one looks.