The new Reg. FD guidance governing web disclosure has underlined the importance of the corporate web site as a primary source of information for investors and the capital markets. As more issuers look to fully leverage web technologies to meet compliance requirements, the need for integrated disclosure controls and comprehensive records becomes increasingly important.
Determining the best approach to these requirements should not be something delegated to the web master or IT department (although they will ultimately be involved). These are communications, compliance and risk management issues – requiring the involvement of …

Yesterday, I submitted the following letter to the SEC regarding our comments on the latest Reg. FD guidance.  
To view a complete list of all the comments submitted go here: http://www.sec.gov/comments/s7-23-08/s72308.shtml
———————————————————-
November 5, 2008
Florence E. Harmon
Acting Secretary
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090
Re: Commission Guidance on the Use of Company Web Sites (the guidance)
File No. S7-23-08

Dear Ms. Harmon,
This letter is in response to the request for comments on the Commission Guidance regarding the Use of Company Web Sites under Regulation Fair Disclosure (Reg. FD). To give you some …

We attended a NIRI webcast on Tuesday on how to improve your IR website based on the SEC’s recommendations regarding the web site as “public disclosure” for the purposes of Reg FD.
There was a lot of information crammed into the 1 hour session – the first 20 minutes or so was basically a summary of the SEC guidelines that were released on Aug 1.  A bit dry to be honest, but the “Do’s and Don’t’s” portion that followed was likely beneficial to attending folks who aren’t as familiar with the new …

Yesterday I posted about the importance of the controls over the vehicle in which corporate disclosure is distributed.As I mentioned, it wasn’t supposed to be about plugging our products, but as I was creating the post using Q4 PRESS I took a few screen shots throughout to be able to demonstrate how simple it was.  Read more to see how simple it is to satisfy Reg FD for blog content with Q4 PRESS.
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I’ve been reading quite a few great and not-so-great posts over the last few weeks about the hub-bub with the new SEC guidelines surrounding Reg FD.  These discussions have ranged from the ‘death of the press release’ (a topic for another day) to investors thinking this means they will have to visit several company websites to get investor information.  Most folks seem to be focusing on the vehicle and not the controls, the way information is distributed on the internet has changed drastically …

The other day I came across a Tweet from Tom Becktold at BusinessWire:
becktold From IR Magazine: Perils in relying on company website as primary channel http://tinyurl.com/6qnlx9 about 3 hours ago from web
I’m always interested to see what IR Magazine has to say so I checked it out. I was disappointed to see the article was based on a “study” from The Equity Group that says the majority of security lawyers don’t support web-site disclosure. I dug in more and found the press release that the article was based on. 
Here are …

Every now and then something happens in the market that almost demands for me to shout from the rooftops about what we’re doing here at Q4.
On August 1 the SEC issued new guidance that deems corporate web sites and blogs as compliant with Reg. FD providing that certain criteria are met. This allows a public company to disclose information on their corporate web site, without having to issue a press release through an approved news wire service.
What’s bad for the newswires, whom have long enjoyed a guaranteed flow of business, …

Although we are not a proxy for the entire market it is interesting that since the SEC guidance on web disclosure we have seen a noticeable increase in clients looking to enable RSS feeds for their corporate web sites along with increasing the prominence of their email alerts. I’m really pleased to see this happening so close to the announcement and I think it is an early indication of the changes the SEC intended when it released the guidance. 
It is obvious that it is going to take some time for …

If you’ve had a chance to go through the 47 page guidance and specifically the section regarding “dissemination” of information and what “public” means in the context of RegFD and the corporate web site you’ve likely been left scratching your head thinking “ok, so now what?”The issue of what constitutes public information is one of the grey areas of the latest guidance. The purpose of this post is to try and provide some additional color to the guidance and help you understand what it is going to take in order …

Late last week the SEC issued guidance on how companies can use corporate web sites and blogs for the release of material information under regulation Fair Disclosure. This timely announcement has the potential to dramatically impact the corporate disclosure industry.
Rather than outlining the content of the guidance I thought I would provide some initial thoughts on what I see as being the key messages of the interpretive release. If you are not familar with the guidance please see the following links for more information.  
SEC Docs

The full SEC interpretive release (47 page PDF)
SEC Press …