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(CNN)   SEC apparently has nothing better to do, begins probe of Netflix over Facebook posts   (money.cnn.com) divider line 6
    More: Asinine, Securities and Exchange Commission, Netflix, Facebook  
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5037 clicks; posted to Main » on 07 Dec 2012 at 12:11 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-12-07 12:15:02 PM  
6 votes:
Wow...Alabama really ISN'T concerned about Notre Dame then
2012-12-07 02:52:22 PM  
1 votes:
We have to get a mile of cars!

content.internetvideoarchive.com
2012-12-07 01:07:39 PM  
1 votes:

wee beastie: Silverstaff: So, the SEC wants copies of all Facebook posts released as formal press releases?

Sounds like a 20th century law colliding with 21st century technology.

No, the SEC doesn't want company representatives making financially material statements over facebook, twitter, youtube or whatever. They want a press release that goes accross the newswires.

I'm a stock analyst with a reputable bank. Our bank has webfilters. I cannot view fb, twitter, youtube, etc. because they are blocked. This means it was selective disclosure, that not everyone could readily see or verify. That is why it is illegal.


1. It wasn't really financially material.
2. Just because your employer denies you access to certain channels of information, that doesn't make them any less public.
2012-12-07 12:20:09 PM  
1 votes:
Please excuse me while I threadjack ya' all.

www.takeyourskirtofftombrady.com
2012-12-07 12:14:01 PM  
1 votes:
This is exactly what the SEC is supposed to do.

Someone needs to write a 140 character forward-looking statement disclaimer.
2012-12-07 12:12:26 PM  
1 votes:
Yeah the Nextflix CEO can be a dumbass sometimes, but come on guys, go get the banks.
 
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