Surely any restricted dissemination of information by a company to selected acctual or potential investors is an encouragement to insider trading.
It is self evident that all relevant information should be made available, in full and immediately, to all those who may gain or lose by reason of stock fluctuations.
This putting of information into the public domain for all (and therefore being deemed notice to all) is, in theory, the reason for regulatory filings.
In addition, to the question of preventing restricted release of price-sensitive information Exchanges should be required to provide real time access to current share prices, free of charge, to all enquirers. This would remove the final barrier to a truly open market in share dealings.
Regards
Nigel Morris-Cotterill
Editor
World Money Laundering Report