SEC Mandated Quiet Period Doesn't Exist
from the good-excuses dept
Many companies chose not to talk to analysts or the press for a certain period of time prior to their earnings announcement citing the "SEC-mandated quiet period" which, apparently, doesn't actually exist. Of course, that doesn't mean they should start talking it up. The article suggests that some companies just use it to hide from disclosing news they're uncomfortable about. They also blame regulation FD for forcing companies to be more quiet. My impression is that it's just a leftover from the IPO process - where I believe the quiet period is actually required.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
