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FD's Cause Celebre

Traders Magazine, May 2001

Gregory Bresiger

The quantity and quality of financial information provided by public companies has declined because of regulation FD, according to a survey by the Securities Industry Association.

"FD has produced some benefits, but our study shows it has also imposed significant costs well in excess of those presupposed by the SEC," said Frank Fernandez, chief economist and senior vice president of research for the SIA. The trade group also charged that the reg is the cause of the near record levels of market volatility.

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