If you’re a regular reader of Talking Biz News, you’ll remember the suggestion about a month ago — Sept. 25 to be exact — from Sun Microsystems CEO Jonathan Schwartz that public companies could satisfy their Regulation FD disclosure requirements via blogs.
Schwartz even sent his suggestion to SEC chairman Christopher Cox — via regular mail.
Added Cox: “Assuming that the (SEC) were to embrace your suggestion that the ‘widespread dissemination’ requirement of Regulation FD can be satisfied through Web disclosure, among the questions that would need to be addressed is whether there exist effective means to guarantee that a corporation uses its Web site in ways that assure broad non-exclusionary access.”
Read more here.
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