SEC Chairman indicates blogs may constitue fair disclosure

The Chairman of the SEC, Christopher Cox, was having a dialog with Jonathan Schwartz of Sun Microsystems about using blogs for reporting financial results. Mr. Cox seems to be open to this notion, which makes a ton of sense. Posting financial results to the corporate blog, or we would prefer to the company’s Hub, would seem a more expeditious and fair way to disperse this information to the public than today’s methods, and thus satisfy Regulation FD.

Mr. Cox went so far as to post his letter to Mr. Schwartz on Jonathan’s blog here.

Can anyone say Investor engagement?

— brian