US Securities and Exchange Commission (SEC) must clarify Quiet Period Rules

Quiet Period. Most investors do not know what this is. Many companies insist that they are in their quiet period before earnings releases and refuse to comment. Yet you see senior officers and press releases in the news, which is not quiet. As we enter earnings season let us observe how companies struggle with this concept. My understanding of quiet period’s necessity is that as quarterly numbers are compiled increasing numbers of insiders achieve excellent perspective on how well the business is doing. Therefore any announcements may send confusing messages and cause investors to arrive at poor conclusions. I know the US Securities and Exchange Commission (SEC) is working on this. Now that we have a new chairman could we perhaps stoke up that project? Please and Thank You.