18:45
@HeadyInvincibleRabbit: https://www.reddit.com/r/lawschooladmissions/comments/1jt3hdb/share_of_lsdata_users_that_have_heard_back_from/ Re 87% in that time frame have heard back (of LSD users). So figure 70% of BC applicants use LSD, I would say there is a decent chance you will hear back hopefully soon. IG from the school chat on here there was a recent R wave, so if that was not you, that is a plus
Warning
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Warning
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LSDefine
Simple English definitions for legal terms
Regulation Fair Disclosure (FD)
Read a random definition: colibertus
A quick definition of Regulation Fair Disclosure (FD):
Regulation Fair Disclosure (FD) is a rule made by the Securities and Exchange Commission (SEC) that says public companies must tell everyone important information at the same time. Before this rule, some companies would tell secret information to some people before they told everyone else. This was not fair to all the investors. Now, companies have to tell everyone important information at the same time. If they accidentally tell some people before others, they have to tell everyone else soon after. They have to tell everyone by filling out a special form called Form 8-K.
A more thorough explanation:
Regulation Fair Disclosure (FD) is a rule created by the Securities and Exchange Commission (SEC) that requires public companies to share important information with everyone at the same time. This information is called "material non-public information" and it includes things like earnings reports and other important news that could affect the company's stock price.
Before this rule was created, some companies would share this information with certain people, like stock analysts or big investors, before telling everyone else. This gave those people an unfair advantage because they could use the information to make decisions about buying or selling the company's stock before anyone else knew what was going on.
Now, companies have to share this information with everyone at the same time, so that everyone has a fair chance to make decisions based on the same information. If a company accidentally shares the information with some people before others, they have to tell everyone else as soon as possible.
For example, let's say that a company is going to announce that they had a really good quarter and made a lot of money. Before Regulation FD, they might have told a few big investors about this news before telling everyone else. Those investors could have bought a lot of the company's stock before the news was announced, and then sold it for a profit once the news became public. Now, the company has to tell everyone at the same time, so that everyone has a fair chance to buy or sell the stock based on the same information.