On April 2, 2013, the Securities and Exchange Commission issued a report of investigation that makes clear public companies may use social media such as Twitter and Facebook to announce information in compliance with Regulation FD as long as the companies made investors aware in advance which social media will be used to disseminate the information. This client alert summarizes the applicable SEC guidance and provides practical suggestions for using social media as a channel to disseminate information.
Click here to read more.
Corporate Finance Alert: Tweet This! SEC Addresses Application of Regulation FD to Social Media
Skadden, Arps, Slate, Meagher & Flom LLP