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Second, we now know that Enron withheld substantial, material information from us and the marketplace -- in fact, it went to great lengths to conceal information.
To protect reporters' ability to gather news, the commission plans to spell out who cannot receive material information from corporate officials that is not available to the general public.
"We told GDFC to ensure they held sufficient evidence to substantiate their claims, that they did not omit material information from their ads, and to make sure their claims were appropriately qualified in future".
DealBook » Facebook Investigation Finds No Wrongdoing | Bloomberg News reports that the Securities and Exchange Commission's investigation into Facebook "hasn't found evidence that the company withheld material information from investors, a person familiar with the matter said".
The Securities and Exchange Commission is alleging that Goldman omitted material information from a prospectus that it was required by law to disclose so that the investors could make an informed decision about whether to buy the securities being offered.
Then, the second version will be updated to read the material information from IFC files.
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Perhaps it's time to remove some non-material information from your hard copy reports and put it online?
Therefore, the integration of materials information from heterogeneous sources and transforming them into materials knowledge are of great significance.
Every large institution -- whether an underwriter or partnership investor -- that was aware of material information withheld from Enron investors could find itself in court, securities lawyers said.
Kenneth D. Lewis, the chairman of Bank of America, told investigators that he was pressured by the government to complete the acquisition of Merrill Lynch at the end of last year and to withhold material information about government assistance from shareholders, according to a letter released Thursday by Attorney General Andrew Cuomo of New York.
And since the SEC introduced regulation fair disclosure (FD) in 2000, prohibiting firms from disclosing material information to one outsider before the market as a whole, the main source of competitive advantage for analysts—namely, access to privileged information through meetings with the companies' managers—has supposedly been destroyed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com