Euro poses disclosure issues for SEC registrants; US companies are considering whether euro conversion might raise risks they must disclose
Article Abstract:
The European currency unit is to be introduced as the common currency of the European Union in 1999 and a related disclosure issue for SEC registrants with European activities is emerging. Many of these companies will have expenses, at times significant, as a result of the Euro conversion. Issues include how the currency risk can best be managed between now and Jan 1, 1999, and thereafter; human resources issues such as whether to pay employees in euros or in the national currency; and information systems issues such as the best record-keeping requirements. Legal issues emerge in the areas of contract and antitrust law.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Rule 10b-5 and voluntary corporate disclosures to securities analysts
Article Abstract:
Possible liability under SEC rule 10b-5 discourages corporate officers from disclosure of forward-looking information to securities analysts, which decreases the efficiency of securities markets. To increase efficiency, the duty to update should be limited to information concerning long-lasting change. In addition, selective disclosure to analysts through proper means should be allowed, as held by the US Supreme Court in Dirks v SEC, rather than the equal access policy adopted by the SEC as indicated in SEC v Stevens.
Publication Name: Columbia Law Review
Subject: Law
ISSN: 0010-1958
Year: 1992
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Regulation FD: its creation, its authority, its possible impact
Article Abstract:
The author discusses the SEC's regulation FD, which it adopted to curtail selective securities disclosure practices.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 2001
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