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U.S. Securities and Exchange Commission

SEC Announces Agenda and List of Participants for Regulation FD Roundtable

FOR IMMEDIATE RELEASE

2001-35

Washington, D.C., April 12, 2001 – As previously announced, Acting Chairman Laura S. Unger is moderating a public roundtable discussion on Regulation FD (Fair Disclosure) on Tuesday, April 24, 2001.

In August 2000, the Commission adopted Regulation FD to curb the practice of selective disclosure of material nonpublic information. The regulation became effective in October 2000. Issuers, analysts, investors and regulators have operated under the FD disclosure regime for approximately six months.

Acting Chairman Unger noted: "At the time we adopted Regulation FD, the Commission made a commitment to monitor closely the rule's impact on information flow. At the April 24th roundtable, the Commission will honor that commitment by discussing the initial experiences of issuers, analysts and investors with the rule. I expect a vigorous and enlightening dialogue that will provide us with a first hand look at how Regulation FD has impacted disclosure and changed the information landscape."

The roundtable will convene at the Alexander Hamilton U.S. Customs House Auditorium, One Bowling Green, New York, New York, on April 24, from 10 a.m. to 4:30 p.m. The public is invited to observe the discussion on a first-come, first-serve basis. The facility accommodates seating for approximately 300. Interested parties can also access the roundtable via audio web cast through the Commission's website at www.sec.gov. A full agenda and list of participants for the roundtable follows.


Regulation FD: How is it Working?

April 24, 2001, 10:00 a.m. - 4:30 p.m

Alexander Hamilton U.S. Customs House Auditorium
One Bowling Green
New York, New York 10004

Moderator:   Acting Chairman Laura S. Unger

Morning Session (10:00 a.m.-12:30 p.m.)

Introductory Remarks by Acting Chairman Unger, Commissioner Hunt and Commissioner Carey (10:00-10:15 a.m.)

I. Adjusting to the Regulation FD Disclosure Regime:
Policies, Practices, and Trends

A. The Issuer Perspective (10:15-11:30 a.m.)

Panelists:Kipp Bedard, VP Corporate Affairs, Micron Technology, Inc.
Martha Demski, VP/CFO, Vical Inc.
Daniel Hann, Sr. VP/General Counsel, Biomet, Inc.
Doug Lusk, Director of Investor Relations, Intel
Polly Pearson, VP Global Investor Relations, EMC Corp.
David Shedlarz, Exec. VP/CFO, Pfizer Inc.
Bina Thompson, VP Investor Relations, Colgate-Palmolive Co.
Commentators: John Huber, Latham & Watkins
David Ruder, Northwestern Univ. Law School

B. The Information Disseminator and Media Perspective
(11:30 a.m.-12:30 p.m.)

Panelists:David Armon, President, Americas Division, PR Newswire
Mark Coker, Founder and President, BestCalls.com
Ron Insana, Anchor, CNBC
Floyd Norris, Chief Financial Correspondent, New York Times
Cathy Baron Tamraz, COO, Business Wire
Louis Thompson, Jr., President/CEO, National Investor Relations Institute
Patricia Doran Walters, Sr. VP, Professional Standards & Advocacy, Association for Investment Management and Research
Commentators: David Ruder, Northwestern University Law School
David Becker, General Counsel, SEC

Lunch Break (12:30-1:30 p.m.)

Afternoon Session (1:30-4:30 p.m.)

II. The Information Landscape Post-Regulation FD: Effect on the Quality and Quantity of Issuer Disclosure

A. The Securities Analyst's Perspective (1:30-2:45 p.m.)

Panelists:David Berry, Exec. VP/Director of Research, Keefe, Bruyette & Woods
Michael Blumstein, Managing Director/Director of North America Research, Morgan Stanley
H. Perry Boyle, Director of East Coast Research, Thomas Weisel Partners
Frank Fernandez, Sr. VP/Chief Economist, Securities Industry Ass'n
Chuck Hill, Director of Research - Quantitative Data, First Call Corp.
Stuart Karle, Associate General Counsel, Dow Jones & Co.
Adam Lashinsky, Silicon Valley Columnist, TheStreet.com
Commentators: Donald Langevoort, Georgetown Univ. Law School
William Atkinson, Acting Chief Economist, SEC

B. The Investor's Perspective (2:45-4:00 p.m.)

Panelists:Alan Cleveland, Special Legal Counsel, New Hampshire Retirement Sys.
Tom Gardner, Co-Founder and Chairman, The Motley Fool
Gregg Hymowitz, Principal and Founder, Entrust Capital
George Kim Johnson, General Counsel, Public Employees' Retirement Ass'n of Colorado
John Markese, President, Am. Ass'n of Individual Investors
Eric Roiter, Sr. VP/General Counsel, Fidelity Management & Research
Commentators: Donald Langevoort, Georgetown Univ. Law School
David Martin, Director, Division of Corporation Finance, SEC

III. Observations of the Securities Bar (4:00-4:30 p.m.)

Panelists:Harvey Pitt, Fried Frank Harris Shriver & Jacobson
Herbert Wander, Katten Muchen Zavis

Closing Remarks

 

http://www.sec.gov/news/headlines/fdconfagenda.htm

Modified: 04/12/2001