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A California business software company will face off with the SEC in a New York federal court next month over the boundaries of the federal agency's authority to regulate corporate speech. At the center of the clash between the SEC and San Mateo-based Siebel Systems Inc. is Regulation Fair Disclosure, which requires firms that disclose material, nonpublic information to securities market professionals, such as analysts, to disclose the same information simultaneously to the public.
February 28, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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