Playing fair, by force. (The Week in Review).

Investment News, December, 2002

Stay tuned for more to come. The SEC last Monday launched the first enforcement actions brought against U.S. companies for violating Regulation Fair Disclosure, a two-year-old law requiring companies to release financial information to the public at the same time it goes out to Wall Street.

The SEC says it settled three enforcement actions, but only one company--San Mateo, Calif.-based software maker Siebel Systems Inc.--was required to come up with cash (to the tune of $250,000). The SEC also reached settlements with defense giant Raytheon Co. in Lexington, Mass., and Secure Computing Corp. of San Jose, Calif.