Jenner & Block

Client Advisory: SEC Issues Guidance on Company Web Site Usage

In this client advisory, Partners Michael K. Lowman, William L. Tolbert, Jr. and Elaine Wolff and Associate Christopher D. Chambers discuss significant questions concerning the use of corporate web sites that the SEC had left unanswered since the adoption of Regulation FD in 2000. To fill this void, the SEC released interpretive guidance effective that addresses when information posted on a company website is "public" for purposes of Regulation FD and the anti-fraud liability issues associated with corporate web site use