SEC commissioner Laura Unger issued a detailed report examining the impact of Regulation Fair Disclosure on the marketplace.
The commission adopted Reg FD in October 2000 to end the selective disclosure by issuers to analysts of material company information.
“Regulation Fair Disclosure Revisited,” which reviews the regulation’s first year, makes certain findings and recommendations based on an April SEC roundtable and industry surveys. The report makes three key recommendations:
“Rather than revisit the merits of Regulation FD, the report studies the SEC Roundtable transcript and public surveys and makes constructive suggestions to the Commission about how to refine the regulation to increase marketplace information,” said Unger in a statement.
The report also includes a transcript of the SEC’s roundtable discussion.