Regulation Fair Disclosure (Reg FD) is a rule enacted by the U.S. Securities and Exchange Commission (SEC) in 2000 to curb selective disclosure by publicly traded companies. It aims to ensure that all investors have equal access to material information about a company, which significantly impacts how companies communicate through various channels like social media, investor relations websites, and during presentations or roadshows. Reg FD encourages transparency and fairness in the market by prohibiting companies from selectively disclosing information to certain investors or analysts while keeping it from the general public.
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