SEC Allows Companies To Announce News To Investors Through Facebook – AllFacebook

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Soon, investors will be able to learn more about companies in the same space where they play Candy Crush Saga. The Securities and Exchange Commission declared Tuesday that companies can notify their investors of news through Facebook and Twitter.

Duane Tilden‘s insight:

George Canellos, acting director of the SEC’s division of enforcement, commented on this new development in a press release:

One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information. Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.

What brought about this decision was a post on the …

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