WASHINGTON, DC- In the corridors of power governing
investment market stability, its no longer just what you say about your publicly traded company that can raise official eyebrows, but how, where, when and to whom you say it as well.
As noted by Maryann Waryjas of Katten Muchin Zavis during a session kicking off the 2000 NAREIT Annual Convention here, the ultimate impact and implications of newly resolved Regulation FD could- and likely should- cause recognized corporate spokespersons to think twice about the nature and nuances of any information they might be pressed to divulge…and then find a way to avoid divulging it!
Perhaps motivated by recent stock-price volatility and the accompanying wide swings in market performance, the nations investment watchdogs passed Regulation FD on August 10, with it slated to take effect on the 23rd of this month. (10/2/00) –Michael Billig