SEC Seeks Comments On Rules For Blogs, Forums

Law360 (August 8, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission is taking comments on guidance it has released saying that anti-fraud provisions apply to statements made by a company or its executives on blogs and electronic shareholder forums.

The commission's guidance on company Web sites, which was announced Aug. 1, also clarifies the liability framework for certain types of electronic disclosure.

Companies run little risk of running afoul of the anti-fraud provisions of federal securities laws by providing historic or archived data on their Web sites, the guidance said. The...
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