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.
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