Series 27: Regulation FD

Regulation FD

On the same day in August 2000 that Rule 10b5-2 was passed, 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 analyst