Comments on: SEC OKs websites and blogs for Reg. FD http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/ | Investor Relations Web Best Practices, Trends and News Tue, 16 Mar 2010 12:45:35 +0000 http://wordpress.org/?v=abc hourly 1 By: echovar » Blog Archive » Ana Marie Cox’s Pie Charts and The Other Shoe http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-816 echovar » Blog Archive » Ana Marie Cox’s Pie Charts and The Other Shoe Sat, 08 Nov 2008 18:15:30 +0000 http://www.irwebreport.com/daily/?p=695#comment-816 [...] July 30, 2008 the SEC provided guidance on the role of Blogs, RSS and other Network-based communications in compliance with Reg FD. Public [...] [...] July 30, 2008 the SEC provided guidance on the role of Blogs, RSS and other Network-based communications in compliance with Reg FD. Public [...]

]]> By: Social Media & Government - SEC To Recognize Corporate Blogs As Public Disclosure http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-817 Social Media & Government - SEC To Recognize Corporate Blogs As Public Disclosure Fri, 07 Nov 2008 04:59:26 +0000 http://www.irwebreport.com/daily/?p=695#comment-817 [...] to Jennifer Leggio and the IRWebReport for getting this story [...] [...] to Jennifer Leggio and the IRWebReport for getting this story [...]

]]> By: With power comes responsibility…and possible securities violations « New Rules of Investing http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-815 With power comes responsibility…and possible securities violations « New Rules of Investing Wed, 20 Aug 2008 19:33:17 +0000 http://www.irwebreport.com/daily/?p=695#comment-815 [...] and to date, the securities regulators haven’t sufficiently addressed the Finance 2.0 era.  They’ve started, but there is a lot of catching up to [...] [...] and to date, the securities regulators haven’t sufficiently addressed the Finance 2.0 era.  They’ve started, but there is a lot of catching up to [...]

]]> By: Not Just Another Press Release http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-814 Not Just Another Press Release Wed, 20 Aug 2008 14:23:42 +0000 http://www.irwebreport.com/daily/?p=695#comment-814 [...] Public companies issue a lot of press releases. Some of them are issued to announce something to the press or to brag but many others are issued simply to comply with the SEC’s public disclosure provision of Regulation FD. What that means effectively is that if you ask the CEO of a public company about her company she can’t tell you anything that isn’t publicly disclosed. That used to mean either an SEC fling or a press release. Welcome to 2008 and thank you to the SEC, the SEC now recognizes company blogs as public disclosure. [...] [...] Public companies issue a lot of press releases. Some of them are issued to announce something to the press or to brag but many others are issued simply to comply with the SEC’s public disclosure provision of Regulation FD. What that means effectively is that if you ask the CEO of a public company about her company she can’t tell you anything that isn’t publicly disclosed. That used to mean either an SEC fling or a press release. Welcome to 2008 and thank you to the SEC, the SEC now recognizes company blogs as public disclosure. [...]

]]> By: The Bailey Blog » Blog Archive » The Press Release is Dead… or is it??? http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-813 The Bailey Blog » Blog Archive » The Press Release is Dead… or is it??? Fri, 15 Aug 2008 21:51:04 +0000 http://www.irwebreport.com/daily/?p=695#comment-813 [...] to meet the public disclosure requirements under Regulation FD (Fair Disclosure), according to recent new guidance unanimously approved by the US Securities and Exchange Commission ’ Condolences to my friends at PR Newswire , in lieu of flowers please post applicable positions [...] [...] to meet the public disclosure requirements under Regulation FD (Fair Disclosure), according to recent new guidance unanimously approved by the US Securities and Exchange Commission ’ Condolences to my friends at PR Newswire , in lieu of flowers please post applicable positions [...]

]]> By: Leo Goranov http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-812 Leo Goranov Wed, 06 Aug 2008 01:43:11 +0000 http://www.irwebreport.com/daily/?p=695#comment-812 Can private companies use networking web sites like www.breadstreet.com to make their offers available to investors? I see that many sites ask investors if they are accredited before they give them access. Can private companies use networking web sites like http://www.breadstreet.com to make their offers available to investors? I see that many sites ask investors if they are accredited before they give them access.

]]> By: SEC Guidance enables corporate websites and blogs to be fair disclosure | Q4 Blog http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-811 SEC Guidance enables corporate websites and blogs to be fair disclosure | Q4 Blog Tue, 05 Aug 2008 01:59:19 +0000 http://www.irwebreport.com/daily/?p=695#comment-811 [...] SEC OKs websites and blogs for Reg. FD [...] [...] SEC OKs websites and blogs for Reg. FD [...]

]]> By: Is the press release dead? | Tom Watson MP http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-810 Is the press release dead? | Tom Watson MP Mon, 04 Aug 2008 08:17:35 +0000 http://www.irwebreport.com/daily/?p=695#comment-810 [...] web. The US Securities and Exchange Commission has just approved new rules that allow companies to publish information under fair disclosure legislation on company websites. Doesn’t sound revolutionary, but it is a big deal for companies in the States. Previously, [...] [...] web. The US Securities and Exchange Commission has just approved new rules that allow companies to publish information under fair disclosure legislation on company websites. Doesn’t sound revolutionary, but it is a big deal for companies in the States. Previously, [...]

]]> By: The MoPR Blog » Blog Archive » Another Obituary for the Press Release Written Too Soon http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-796 The MoPR Blog » Blog Archive » Another Obituary for the Press Release Written Too Soon Fri, 01 Aug 2008 21:32:31 +0000 http://www.irwebreport.com/daily/?p=695#comment-796 [...] is the notion of “under certain circumstances” as raised in the first sentence of the IR Web Report’s article. By way of analogy, think of how another government institution uses this same notion: stuff you [...] [...] is the notion of “under certain circumstances” as raised in the first sentence of the IR Web Report’s article. By way of analogy, think of how another government institution uses this same notion: stuff you [...]

]]> By: Dominic Jones http://www.irwebreport.com/daily/2008/07/30/sec-oks-websites-and-blogs-for-reg-fd/#comment-801 Dominic Jones Fri, 01 Aug 2008 17:49:00 +0000 http://www.irwebreport.com/daily/?p=695#comment-801 Tom, Thanks for the update. I'm pasting Business Wire's full statement below. However, I don't understand why you're wasting your clients' time by suggesting they download the CIFiR report on this issue because the committee's recommendation for new guidance is now addressed by the SEC's interpretive release. The report also does not contain anything substantive on this particular topic. Unless that's the intent, to bamboozle folks with unnecessary information? Finally, how come Business Wire and the other wires never mention that US investors who invest in foreign companies on overseas exchanges -- or even via the US OTC market! -- generally do not get their information via US wire services? Given the stats show a dramatic increase in foreign investing by US investors, it would seem they are happy going to those companies' websites for their information after receiving an email or RSS alert. Doesn't that call into question the claim that Business Wire is indispensable to US investors? <em>August 01, 2008 12:23 PM Eastern Daylight Time</em> <strong>Business Wire's Preliminary Comments on SEC Disclosure Vote</strong> NEW YORK--(BUSINESS WIRE)--Regarding the SEC's recent webcast concerning news dissemination and the use of corporate web sites and/or blogs as a possible means of disclosure, Business Wire believes it is wise to wait until the SEC's interpretive guidance is published before issuing a detailed response. However, we continue to maintain that simply posting material news on a corporate web site or using blogs does not meet the spirit and intent of Regulation FD because it is neither simultaneous, nor full and fair. It is Business Wire's belief that this is not what the SEC intended. As we have stated in the past, the use of web sites as an ancillary means of news dissemination is, in our view, a best practice. However, web posting or blogs alone are not a substitute for secure and simultaneous push delivery of material news to the disclosure media, financial markets, on-line web portals, aggregators, and the global investing public. Neither does it accomplish the requirements of the major stock exchanges. There is currently much speculation and misinformation surrounding the SEC's upcoming report. However the CIFiR Report (SEC's Advisory Committee on Improvements to Financial Reporting) is available and we urge you to review it: http://www.sec.gov/about/offices/oca/acifr/acifr-finalreport.pdf. Upon the issuance of the SEC's complete interpretive guidance report, Business Wire will provide a more detailed analysis and response. Contacts Business Wire, New York Phyllis Dantuono, + 1 212-752-9600 Neil Hershberg, +1 212-752-9600 http://www.businesswire.com Tom, Thanks for the update. I’m pasting Business Wire’s full statement below. However, I don’t understand why you’re wasting your clients’ time by suggesting they download the CIFiR report on this issue because the committee’s recommendation for new guidance is now addressed by the SEC’s interpretive release. The report also does not contain anything substantive on this particular topic. Unless that’s the intent, to bamboozle folks with unnecessary information?

Finally, how come Business Wire and the other wires never mention that US investors who invest in foreign companies on overseas exchanges — or even via the US OTC market! — generally do not get their information via US wire services? Given the stats show a dramatic increase in foreign investing by US investors, it would seem they are happy going to those companies’ websites for their information after receiving an email or RSS alert. Doesn’t that call into question the claim that Business Wire is indispensable to US investors?

August 01, 2008 12:23 PM Eastern Daylight Time

Business Wire’s Preliminary Comments on SEC Disclosure Vote

NEW YORK–(BUSINESS WIRE)–Regarding the SEC’s recent webcast concerning news dissemination and the use of corporate web sites and/or blogs as a possible means of disclosure, Business Wire believes it is wise to wait until the SEC’s interpretive guidance is published before issuing a detailed response.

However, we continue to maintain that simply posting material news on a corporate web site or using blogs does not meet the spirit and intent of Regulation FD because it is neither simultaneous, nor full and fair. It is Business Wire’s belief that this is not what the SEC intended.

As we have stated in the past, the use of web sites as an ancillary means of news dissemination is, in our view, a best practice. However, web posting or blogs alone are not a substitute for secure and simultaneous push delivery of material news to the disclosure media, financial markets, on-line web portals, aggregators, and the global investing public. Neither does it accomplish the requirements of the major stock exchanges.

There is currently much speculation and misinformation surrounding the SEC’s upcoming report. However the CIFiR Report (SEC’s Advisory Committee on Improvements to Financial Reporting) is available and we urge you to review it: http://www.sec.gov/about/offices/oca/acifr/acifr-finalreport.pdf.

Upon the issuance of the SEC’s complete interpretive guidance report, Business Wire will provide a more detailed analysis and response.

Contacts

Business Wire, New York
Phyllis Dantuono, + 1 212-752-9600
Neil Hershberg, +1 212-752-9600
http://www.businesswire.com

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