Regulation Fair Disclosure (Reg FD) ... and Beyond. (Financial Reporting).(Brief Article)(Statistical Data Included)

Financial Executive, January, 2002 by Heffes, Ellen M.

Enacted by the Securities and Exchange Commission just over a year ago, Regulation Fair Disclosure, known as "Reg FD," seems to be accomplishing its promise for fair and equal disclosure of companies' financial information by requiring public companies to disclose all material information to the general public at the same time as to analysts and other selected parties.

Significant findings from an annual PricewaterhouseCoopers LLP survey of 201 publicly held U.S. corporations across industries and market cap sizes include:

* 88 percent said Reg FD should be continued; 10 percent said it should be repealed.

* 68 percent said the SEC should issue specific guidelines about what information is and is not "material;" 27 percent said such guidance...

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