Expanded Pre-Market Material News PolicySection 202.06(B) of the Listed Company Manual currently requires listed companies to notify the NYSE at least ten minutes before announcing material news or releasing a statement addressing an unfounded rumor that could result in unusual market activity or price variations and calls for immediate release (Material News Policy) if such announcement or release will take place shortly before the opening of NYSE trading at 9:30 a.m. New York time or at any time during a trading session, which is typically between 9:30 a.m. to 4:00 p.m. New York time.4 Under the amendments, listed companies will have to comply with the Material News Policy as to announcements of material news and releases of rumor-related statements intended to be made in the period between 7:00 a.m. ET and the end of the NYSE trading session (generally at 4:00 p.m. ET). To comply with the Material News Policy’s notification requirements, listed companies must call the … [Read more...] about NYSE Expands Material News Notification Policy and Trading Halt Authority Effective September 28, 2015
Material about news item
consider updating their controls and procedures around the release of material news and non-routine information to (1) take into account the expanded pre-market hours during which the Material News Policy applies and the NYSE MKT’s guidance on post-market releases of material news and (2) determine whether the release of material news or non-routine information during the period between 7:00 a.m. and 9:30 a.m. ET necessitates a trading halt pending dissemination of the information and to ensure that when a trading halt is necessary, a trading halt request is provided to the NYSE MKT; … [Read more...] about Expanded NYSE MKT Material News Notification Policy Now Effective
China’s Ministry of Public Security (MPS) is reporting the arrest last year of nearly 60,000 people suspected of committing intellectual property (IP) infringement. According to the MPS, there were about 55,000 separate cases of infringement having a combined value of about U.S. $28 billion. Additionally, more than 90 million tons of counterfeit materials were confiscated and more than 1,000 criminal networks uncovered. China continues to work on improving its efforts to clamp down on IP infringement. Such efforts are expected to increase in view of the opening last June of a dedicated office (the Office National Leading Group on the Fight against IPR infringement and Counterfeiting) to combat infringement. To learn more, click here. An interesting article in Forbes discusses Actavis’ decision to walk away from China’s generic drug market which is estimated to reach approximately U.S. $82 billion by 2015. … [Read more...] about BRIC-a-BRAC February 5, 2014: News Items from BRIC Countries
Researchers are already preparing to use AI to identify these AI-created fakes. For example, techniques for video magnification can detect changes in human pulse that would establish whether a person in a video is real or computer-generated. But both fakers and fake-detectors will get better. Some fakes could become so sophisticated that they become very hard to rebut or dismiss – unlike earlier generations of fakes, which used simple language and made easily refuted claims. … [Read more...] about How artificial intelligence can detect – and create – fake news
This is not to say that companies have a complete pass when they experience a data security breach. For example, if a company has publicly made a statement about its information technology systems or some other aspect of its business that is implicated by a data security breach and that was inaccurate or misleading at the time the statement was made, the company has an obligation to correct that statement. This is true whether the company knew that the statement was inaccurate at the time the statement was made, or the company learned about the inaccuracy at a later date. This is also true regardless of whether the statement was made directly to investors or to a company’s customers. If the information is made to the public, and an investor reasonably relies on such information, the company may find itself vulnerable to a securities claim based on the statement. Similarly, a company that is offering to sell or purchase its securities at a time that it … [Read more...] about When are Public Companies Required to Disclose that They Have Experienced a Material Data Security Breach?