SEC Issues New Guidance on the Use of Company Websites

SEC Issues New Guidance on the Use of Company Websites

News

Effective August 7, 2008, the SEC provided new interpretive guidance regarding the use of company websites under the Exchange Act and the antifraud provisions of the federal securities laws. 1 The SEC noted that its purpose in issuing the new guidance is to encourage the continued development of company websites as a significant vehicle for the dissemination of important company information to investors. For more on this new guidance, see our recent Email Alert.

1 The new guidance is contained in Commission Guidance on the Use of Company Web Sites, Release No. 34-58288 (Aug. 1, 2008).