CCR Comments on Reg FD.

• Position: Brief Article

In a letter to Securities and Exchange Commission Secretary Jonathan Katz, FEI's Committee on Corporate Reporting argued that the proposed rule on full disclosure (Regulation FD), scheduled to take effect in late October, generally "appears to be appropriate and workable." But the panel noted that a wide disparity of policies and views about disclosure exists among the membership, with some companies having similar procedures already in place.

In general, however, CCR argues that "selective disclosure is inappropriate and can serve to undermine investor confidence in both [the] fairness and integrity of the securities market. We support codification in SEC requirements of a concise and clear set of rules that state...