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SEC Mandated Quiet Period Doesn't Exist
from the good-excuses dept
Many companies chose not to talk to analysts or the press for a certain period of time prior to their earnings announcement citing the "SEC-mandated quiet period" which, apparently, doesn't actually exist. Of course, that doesn't mean they should start talking it up. The article suggests that some companies just use it to hide from disclosing news they're uncomfortable about. They also blame regulation FD for forcing companies to be more quiet. My impression is that it's just a leftover from the IPO process - where I believe the quiet period is actually required.
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