How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs
Gust
JANUARY 31, 2013
In 2000, the SEC adopted Regulation FD in response to growing concerns regarding “ selective disclosure.” Compressing 80 years of history into a paragraph, securities regulation here is fundamentally a disclosure-based system. What’s to stop Hastings from disclosing material information via his Twitter account.
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