NASAA statement on approval of selective disclosure rule (Reg FD)

The following is a statement by NASAA President and Indiana Securities Commissioner Bradley W. Skolnik(August 10, 2000):

This (Reg FD) is another important step in the democratization of Wall Street. In the age of the Internet and 24-hour financial news, there’s no reason for an uneven information playing field on Wall Street. Why shouldn’t investors on Main Street have access to the same information as the pros on Wall Street? Information has empowered our new nation of shareholders, and we need more of it. Chairman Levitt and the SEC understand that.

2000 Headlines, Newsroom