Regulation Fair Disclosure.An October 2000 SEC rule requiring companies to disclose

material information to all investors at the same time. • The regulation is intended to prevent some

investors from receiving advance information about earnings, mergers and acquisitions, product

discoveries, changes in auditors, and any other information that a reasonable investor would

consider in making an investment decision. — Often shortened to Regulation FD; Reg. FD. [Blacks Law 8th]