This Law Summary will review the SEC’s vision of itself as the investor’s protector. In so doing, this Law Summary considers the workings of the capital markets, the price of information, and the vital role of selective disclosure. Next, this Law Summary outlines the SEC’s previous attempts to regulate selective disclosure. A presentation of Regulation Fair Disclosure follows with a focus on its more salient points for corporate counsel. Finally, the Law Summary concludes with a commentary that is generally skeptical of Regulation Fair Disclosure’s actual results.

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