10-K Wrap

  

It's really just the 10K, plus that B.S. letter from the CEO to shareholders. We think that letter should be rapped, and this term should be called a "10K Rap." But the SEC just said, "No." Party poopers.

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Finance: What is Regulation Full Disclos...43 Views

00:00

finance a la shmoop. what is regulation full disclosure or in industry parlance

00:07

reg FD ?all those whispery hallways of the 1970s and 80s

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insiders muckety-mucks cheaters Liars deceivers key employees on the take [men in suits discuss stocks]

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sound like the dramatic cover for a Hollywood movie and while it was and it

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was real life as well. the practice of gleaning information

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essentially unavailable to the average investor was a large part of the

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practice of quote doing research unquote for all too many of the professional by

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side investment firms of the era. the regulator's finally noticed and began to

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crack down with only modest success for a while when finally reg FD was enacted

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via the SEC in 2000. well that regulation massively prohibited the type of

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discussions that could legally happen among analysts and company insiders. in

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fact disclosure of much more than much more than the company name mailing

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address and the product they sold was prohibited unless it was done in a

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broadly available and well-publicized public forum that John Q public could [woman gives presentation]

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participate in. the goal here was to take away free money or profits or gains from

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insiders leaking information you know so that investors could make bets with way

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more information on whether or not the roulette wheel of the company's

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quarterly performance in earnings was going to in fact land on red twenty

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three. so yeah that's what reg FD is about. trust us we've fully disclosed

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everything we know about it and we're going modern here. modern era people come

01:43

on get with it. [man folds arms inside casino]

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