Indiana Law Journal Volume 77 Issue 3 Article 3 Summer 2002 Wall Street v. Main Street: The SEC's New Regulation FD and Its Impact on Market Participants D. Casey Kobi Sidley Austin Brown & Wood LLP Follow this and additional works at: https://www.repository.law.indiana.edu/ilj Part of the Securities Law Commons Recommended Citation Kobi, D. Casey (2002) "Wall Street v. Main Street: The SEC's New Regulation FD and Its Impact on Market Participants," Indiana Law Journal: Vol. 77 : Iss. 3 , Article 3. Available at: https://www.repository.law.indiana.edu/ilj/vol77/iss3/3 This Article is brought to you for free and open access by the Law School Journals at Digital Repository @ Maurer Law. It has been accepted for inclusion in Indiana Law Journal by an authorized editor of Digital Repository @ Maurer Law. For more information, please contact
[email protected]. Wall Street v. Main Street: The SEC's New Regulation FD and Its Impact on Market Participants D. CASEY KOBI't "High-quality and timely information is the lifeblood of strong, vibrant markets. It is at the very core of investor confidence."' INTRODUCTION Just as Wall Street once rumbled in response to the implementation of Section 11 of the Securities Act of 1933 ("Securities Act"),2 again, those same tremors are felt in answer to the Securities and Exchange Commission's ("SEC") new Regulation Fair Disclosure ("Regulation FD").' Although Wall Street's projection that Section 11 would destroy the market for public offerings was an overstatement, Section 11 liability has shaped the registration process.