Regulation FD, the rule promulgated by the Securities and Exchange Commission in 2000 to curb unequal access to material information amid the investing community, no longer works in the social media age, columnist Steven Davidoff wrote in Tuesday’s New York Times DealBook.
The problem lies chiefly in the proliferation of information, disseminated on social media such as Twitter and Facebook, and shared behind closed doors like a private dinner meeting between an activist investor and a company CEO, Davidoff wrote.
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