Hashemian Blog Huh? What? Wednesday, June 30, 2004 RegFD Snags Siebel It’s hard to imagine a company, much less a large and reputable one, breaking any obvious SEC laws these days. After witnessing so many companies and executives disgraced in public, you’d reckon that companies would go above and beyond their means to keep integrity at the top of their priority list. But oh no, in the words of George Santayana, “Those who cannot remember the past are condemned to repeat it”, and corporate memories seem to always have acute Alzheimer's. Such is the recent case of Siebel Systems who has gotten itself in a bit of hot water by allegedly breaking the SEC’s RegFD. RegFD (Regulation Fair Disclosure) forbids companies from disclosing non-public and material financial information to select groups. It appears that last year Siebel was telling rosy tales of company’s performance to a select number of investors, while publicly painting a slow-quarter picture for the public. The result: those select investors bought in the stock cheap and locked in profits when the rumors began to hit the street. The stunning part of the story is that Siebel was fined for the same misconduct in 2001, so they should have known better to repeat the same mistake. This time it appears that the SEC is ready to handle the matter in court and it could cost Siebel millions. Please guys, add a little Ginko Biloba to your daily nosh. <> // posted by rh 0 comments | 0 Comments: Post a Comment

Links Technorati Profile TMCnet.com ARCHIVES 09/01/2003 - 10/01/2003 03/01/2004 - 04/01/2004 04/01/2004 - 05/01/2004 05/01/2004 - 06/01/2004 06/01/2004 - 07/01/2004 07/01/2004 - 08/01/2004 08/01/2004 - 09/01/2004 09/01/2004 - 10/01/2004 10/01/2004 - 11/01/2004 11/01/2004 - 12/01/2004 12/01/2004 - 01/01/2005 01/01/2005 - 02/01/2005 02/01/2005 - 03/01/2005 03/01/2005 - 04/01/2005 04/01/2005 - 05/01/2005 05/01/2005 - 06/01/2005 06/01/2005 - 07/01/2005 07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 11/01/2006 - 12/01/2006

هاشمیان.com

 Home

 Blog

 Web Tools
Usage

 News

 Articles

 FAQ

 About

 Contact

 Financial Markets Book
Read Complete Book

BOOK
The Obama Nation: Leftist Politics and the Cult of Personality
Jerome R. Corsi
$28.00

BOOK
Mountains Beyond Mountains: The Quest of Dr. Paul Farmer, a Man Who Would Cure the World
Tracy Kidder
$15.95

BOOK
Linear Algebra and Its Applications, Third Updated Edition
David C. Lay
$137.33

BOOK
Liberal Fascism: The Secret History of the American Left, From Mussolini to the Politics of Meaning
Jonah Goldberg
$27.95

BOOK
Core Concepts in Health, Brief Update
Walton T. Roth

|regfd-snags-siebel-its-hard-to-imagine|

more…