Advertisement

HindustanTimes Thu,28 Aug 2014

US stock regulator embraces social media

Yashwant Raj, Hindustan Times  Washington, April 03, 2013
First Published: 21:09 IST(3/4/2013) | Last Updated: 21:11 IST(3/4/2013)

Corporate CEOs in the US can now post company information on social media channels such as Twitter and Facebook as long as it was not selectively disseminated.

Advertisement

Expect an Internet hunt now for CEOs to friend or follow.

“An increasing number of public companies are using social media to communicate with shareholders and investing public,” said the US Securities and Exchange Commission on Tuesday. And the commission would like to encourage it.

But, said SEC’s enforcement chief  George Canellos, “One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information.

In short: let everyone know “broadly and non-exclusively” the company’s or the CEO’s Twitter handle or Facebook page or name.


Advertisement
more from Business

Reform of Industrial Disputes Act recommended in report

A report by the Centre for Public Affairs and Critical Theory, Shiv Nadar University says that an amended Industrial Disputes Act should not assume a confrontational relationship between workers and management.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved