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The Securities and Exchange Commission has brought its first set of enforcement actions under Regulation FD (fair disclosure), which forbids companies from disclosing market-moving information to analysts and fund managers without releasing it to the public. The SEC announced Monday that it brought actions against Raytheon, Siebel Systems and Secure Computing; the actions were settled with the companies neither admitting nor denying guilt.
November 26, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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