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   comp.dcom.telecom      Telecommunications digest. (Moderated)      17,262 messages   

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   Message 16,815 of 17,262   
   Bill Horne to All   
   AT&T And SEC Settle Regulation FD Enforc   
   27 Dec 22 16:15:38   
   
   From: malQRMassimilation@gmail.com   
      
   by Abbe L. Dienstag, Alan Friedman, Dani James, Darren LaVerne,   
   Todd E. Lenson, Michael Martinez, Thomas E. Molner, Gary P Naftalis,   
   Jordan M. Rosenbaum, Steven Sparling, Jenna Burch-Smith, and   
   Kathleen Telfer   
      
   On Dec. 5, the Securities and Exchange Commission (SEC) announced that   
   AT&T has agreed to a $6.25 million penalty, resolving charges brought   
   against it under the securities rule known as Regulation Fair   
   Disclosure (Regulation FD), the largest Regulation FD penalty exacted   
   to date. Three midlevel executives from the company’s Investor   
   Relations department will also each pay $25,000 to settle charges that   
   they “aided and abetted” AT&T’s violations. As part of the settlement,   
   the company and the executives neither admit nor deny the   
   allegations. The case is also notable for producing one of the only   
   judicial decisions to apply Regulation FD in adversarial litigation   
   since its publication over 20 years ago. Judge Paul Engelmayer’s   
   September opinion denying cross-motions for summary judgment is likely   
   to become the “textbook case” on this scarcely litigated regulation.   
      
   https://www.mondaq.com/article/news/1264166?q=1803232&n=649&tp=9&tlk=2&lk=45   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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