Good news for Internet Penny Stock Promoters in charge of social media campaigns; the influx of work may be headed your way. Earlier this month the S.E.C. announced that social media is ok for company announcements.
At S.E.C. headquarters in Washington, D.C. on April 2, 2013, The Securities and Exchange Commission issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time.
The full press release can be found below.