SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts to Talk Down Estimates
Dodd-Frank.com SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts to Talk Down Estimates By March 6, 2021 On March 5, 2021, the Securities and Exchange Commission charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T’s violations, by selectively disclosing material nonpublic information to research analysts. The enforcement action demonstrates how efforts to talk down analyst estimates can potentially violate Regulation FD. According to the SEC’s compla...
Source: dodd-frank.com