Reg FD Explained: Meaning, Types, Process, and Use Cases
Reg FD, short for Regulation Fair Disclosure, is a U.S. securities rule designed to stop companies from giving market-moving information to a favored few before the public gets it. If a public company shares material nonpublic information with analysts or select investors, it generally must disclose that information publicly at the same time or promptly afterward. For investors, executives, analysts, and investor-relations teams, understanding Regulation Fair Disclosure is essential for market fairness, compliance, and trust.