In a nutshell, how will Reg. FD change my company s disclosure practices?
FD is designed to create a level playing field for all investors, large and small. The SEC does not want companies to disclose significant information to the market through the conduit of securities analysts. Developments or expectations that arguably are material must be communicated to all investors transparently and simultaneously. In particular, if your company s practice is to provide analysts with guidance as to expected future results, under FD you will need to provide that guidance more directly to all investors.
