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Chapter 21: Q. eFCT (page 479)

In what respect was one of the releases of confidential Fed policy information discussed above more clearly one involving truly insider information than the other information release?

Short Answer

Expert verified

We've made several modifications, as discussed below,within the final rules.

Step by step solution

01

Given Information

To address valid concerns that under law of selling, issuers must judiciously divulge relevant highly classified knowledge.

02

Explanation

  • In response to the comments we received on the proposal, we've made several modifications, as discussed below, within the final rules.
  • The regulation provides that when an issuer, or person functioning on its behalf, discloses material nonpublic information to certain enumerated persons (in general, exchange professionals and holders of the issuer's securities who could trade on the premise of it's obligedto form that information available.

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