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SEC Provides Guidance to Open Up Use of Corporate Web Sites for Disclosures to Investors

News release: “The Securities and Exchange Commission today voted unanimously to provide new guidance to public companies about how to comply with the securities laws while developing their Web sites to serve as an effective means for disseminating important information to investors.”

  • Speech by SEC Staff: Commission Guidance on the Use of Company Web Sites – Opening Remarks at the SEC Open Meeting by Kim McManus, Special Counsel, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, D.C., July 30, 2008

  • See also SEC OKs websites and blogs for Reg. FD: “Under certain circumstances, companies can rely on their websites and blogs to meet the public disclosure requirements under Regulation FD, according to new guidance unanimously approved by the US Securities and Exchange Commission today. The move is significant as it could cut disclosure costs for many companies that today use paid PR wire services to distribute their disclosures. It could also encourage companies to make investments to improve their investor relations websites and facilitate the use of blogs for communications with investors.

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