What is Regulation FD and Does it Prohibit the Use of Social Media?

Regulation Fair Disclosure (known as "Regulation FD") was enacted in 2000 by the Securities and Exchange Commission (the "SEC") to prohibit selective disclosure of material non-public information by the public companies or persons acting on their behalf to a selected group of outsiders...

SEC Settles Insider Trading Case Tied to BP Oil Spill

The SEC filed a settled insider trading action against an employee of BP p.l.c. tied to the Deepwater Horizon oil spill in 2010. Specifically, the Commission claims that Keith Seilhan had material non-public information regarding the severity of the spill that had not been disclosed at the time he sold...