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Simple English definitions for legal terms

Regulation Fair Disclosure (FD)

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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.

Regulation D | Regulation S-K

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15:40
@recentboo: manifest it. now
Swiftie4Life
15:40
what time does gulc release?
recentboo
15:40
my manifest is bad luck rn after Cornell reserve
Cornell getting freaky asf with wl
i'm on message limit split but i just called and said basically dean andy gave me this estimate for a timeline of when i can expect a decision, and since it's coming up to the end of the timeframe i was wondering if that's solid or is it now more flexible. then if it's possible for me to see what stage my app is at (say that part super politely)
HopefullyInLawSchool
15:41
@JazzyGazelle: USC seems really cool, it's not too far from CSUN, im just worried if I got in even itd be too expensive ):
snow
15:41
100% getting an R from gulc
snow
15:41
just called lol
15:41
@HopefullyInLawSchool: its SO EXPENSIVE FOR NO REASON
HopefullyInLawSchool
15:42
CSUN was like two nickels
JumpySubsequentDolphin
15:42
HE STRIKES AGAIN
Lowkey feel like I messed up my Cornell app w my why Cornell. I think it was a paragraph and just talked about wanting to practice in NYC.
ooooo would it be crazy to call and ask if my application is under review when it hits "complete" just to see if theyll tell me something ab ii
At the time, I thought nothing is better than something but starting to think it wasn't the best strat
snow
15:42
split thats kinda what i did
starfishies
15:43
and they confirmed tht complete is ur?
did you get wl impartial
snow
15:43
not confirmed but said that i should hear something in the next couple of weeks
snow
15:43
no shot im getting wl. i think im getting straight R
starfishies
15:43
oh scary
I didn't but I'm expecting it tbh
oh im sorry boo, imma call now and report back
snow
15:43
okie, good luck split!!
starfishies
15:43
thx for your service
JumpySubsequentDolphin
15:44
good luck SPLITTY!!!!!!
HopefullyInLawSchool
15:44
@SplitterusClitterus: make sure to mention YM!!!!!
same stats and no word from them too impartial
snow
15:44
also, just to clarify, thiss just my app. im below medians without an II. You guys are qualified with II, yall are going to get in! Yall got this
i didnt get an ii so im expecting it
15:45
wait are we allowed to call and ask when we might get a decision based on when we did our ii
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