In that time, I've seen companies play it precisely straight and say absolutely nothing. We recognize that people are looking for more disclosure, not less. To its credit, MetLife does offer a link from its Web site to a New York State Insurance Dept. site featuring recordings of a public hearing held in January on the demutualization scheme. MetLife understandably doesn't want to risk seeing its big deal scotched in the name of fuller disclosure. Since 1998, the SEC has been laboring over a broad revision of the whole group of rules surrounding securities sales, including quiet periods.
Small investors deserve the same quantity and quality of disclosure as big investors.
It's only fair. TOP BW's Robert Barker Choose a category Chart Adv. The McGraw-Hill Companies Inc. All rights reserved.