Regulation FD Explained: What Public Companies Can Say Outside SEC Filings | Frederick M. Lehrer

Regulation FD Explained: What Public Companies Can Say Outside SEC Filings | Frederick M. Lehrer Series: Inside Securities Law with Frederick M. Lehrer What happens when a public company shares important information with investors before the rest of the market knows? In this episode of Inside Securities Law, securities attorney and former SEC Enforcement attorney Frederick M. Lehrer examines Regulation FD (Fair Disclosure) and how it governs communications between public companies, investors, analysts, and the public. Corporate disclosure extends far beyond SEC filings. Press releases, earnings calls, investor conferences, private meetings, and social media can all raise securities law concerns. Regulation FD addresses selective disclosure of material nonpublic information, requiring public disclosure under specified circumstances when companies communicate with certain market participants. Fred discusses the practical implications for corporate executives, investor relations professionals, and legal teams, including the importance of identifying material information, coordinating public announcements, and understanding the difference between intentional and unintentional selective disclosure. Topics covered: What Regulation FD means and why it matters. How selective disclosure creates regulatory risk. Press releases, earnings calls, conferences, and social media. Material nonpublic information and investor communications. The distinction between intentional and unintentional disclosures. Why compliance requires more than reviewing SEC filings. Key takeaway: A company's disclosure obligations do not end when its SEC filing is submitted. What executives communicate outside formal filings can create additional regulatory exposure. About Frederick M. Lehrer Frederick M. Lehrer is a securities attorney, former SEC Enforcement attorney, and former Special Assistant United States Attorney. During his nine years at the U.S. Securities and Exchange Commission, Lehrer investigated securities law violations and gained firsthand experience with how regulators evaluate corporate disclosures, securities offerings, and market conduct. Today, he advises companies, executives, and market participants on securities compliance, SEC reporting, private placements, public offerings, and regulatory matters. He is the author of The Other Side of the Table: What Nine Years of SEC Enforcement Teach Issuers About Disclosure, Capital, and Going Public and host of Inside Securities Law with Frederick M. Lehrer. Links and Resources Frederick M. Lehrer — Securities Attorney https://securitiesattorney1.com/ The Other Side of the Table — Book https://securitiesattorney1.com/book/ Audiobook https://securitiesattorney1.com/audiobook/ Inside Securities Law — Podcast https://fredlehrer.transistor.fm/ SEC Regulation FD — Official Rule https://www.ecfr.gov/current/title-17/chapter-II/part-243 U.S. Securities and Exchange Commission https://www.sec.gov/ Contact Frederick M. Lehrer [email protected] (561) 706-7646 SEO Keywords Regulation FD, Fair Disclosure, SEC Regulation FD, selective disclosure, material nonpublic information, public company disclosure, investor relations compliance, securities attorney, Frederick M. Lehrer, SEC Enforcement, earnings calls, corporate communications, securities law podcast. Disclaimer This podcast is provided for general educational and informational purposes only and does not constitute legal advice. Listening to this podcast does not establish an attorney-client relationship.