Sentence examples for disclosures of material from inspiring English sources
Tracey McDermott, FSA director of enforcement and financial crime said: "The integrity of our markets depends on listed companies making timely and accurate disclosures of material developments on an on-going basis.
"If they believe that is true across the board, why don't they insist on it when they contract with each other?" The research drew on public companies' regulatory disclosures of material contracts — those that, generally, would be of interest to investors — and that has fueled some of the criticism of the results.
That all started to change with the collapse of Enron in 2001 and the passage in 2002 of the Sarbanes-Oxley Act, which requires internal procedures at publicly traded companies to pump out disclosures of material events like potential acts of foreign bribery.
Facebook is the subject of an ongoing SEC investigation regarding whether Facebook made appropriate disclosures of material information for its IPO.
Mike Schwarz, the lawyer for the defendants, lodged a formal request for disclosure of material gathered by Kennedy.
"Well-timed" trading before a public disclosure of material information has all the hallmarks of insider trading.
He also said he thought efforts might be made to repeal Regulation FD, for fair disclosure, the rule that bars selective disclosure of material information.
"It is clear that there was a non-disclosure of material which would have been supportive of the defence case advanced at trial," said Lord Judge.
Disclosure of material by the prosecution has been an issue in the Lubanga case for years, with disputes over evidence holding up the trial's start.
He praised Arthur Levitt, who recently stepped down as S.E.C. chairman, particularly for Regulation FD, which bars selective disclosure of material corporate information.
Mr. Hastings's announcement that the milestone of one billion hours was achieved seems more like a public relations stunt than a disclosure of material information.
