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Resource 8 . 5 . 5

Regulation FD: Fair Disclosure

Updated 2/20/2024

Paul Weitzel,
Samuel Gasway,
Tyrell Howsden,
William L. Duffy

Sometimes CEOs, directors, or officers of a corporation accidentally disclose material, nonpublic information. Regulation FD is designed to keep the playing field level when these mistakes occur.

Regulation FD prohibits companies (and those acting on their behalf) from selectively disclosing material, nonpublic information to financial analysts, brokers and others in the financial industry. If they intentionally do so, the information must be simultaneously disclosed to the public. If the material nonpublic information is inadvertently disclosed, the company must publicly disclose the information within 24 hours.

The link below offers further details and is provided solely as an optional supplement.

Regulation FD: Fair Disclosure

This book, and all H2O books, are Creative Commons licensed for sharing and re-use with the exception of certain excerpts. Any excerpts from the Restatements of the Law, Principles of the Law, and the Model Penal Code are copyright by The American Law Institute. Excerpts are reproduced with permission, not as part of a Creative Commons license.