Office Depot Faces SEC Probe Over Analyst Calls

Law360, New York (February 27, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has launched a formal investigation into Office Depot Inc., probing for possible violations of federal securities laws, the company said Tuesday.

In a regulatory filing, Office Depot said the SEC issued a formal order of investigation last month, and is looking into the company's contacts and communications with financial analysts.

The SEC adopted Regulation FD, which is aimed at full and fair disclosure of information, in 2000. The rule says a publicly traded company cannot selectively disclose material non-public information...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.