Still, Reg FD could keep the Nasdaq on a roller-coaster ride well into 2001. But the news isn't all so unsettling. The Web is full of free and subscription-based company info, and many online traders are accustomed to navigating their way through reams of public information. Due diligence is second nature to them. We're all about leveling the playing field for the average investor and don't offer privileged information.
Unfiltered info means more homework for all market players.
Investors may also learn they can't depend on press releases, he adds. Wit Soundview analyst Jordan Rohan concedes that Reg FD puts new obstacles in his path. But at the same time, the new law puts a premium on proprietary research. Some industry pundits point to an increase in open conference calls and investor correspondence as evidence that companies are adapting easily to the new law. But nobody wants to be the first one that the SEC makes an example of, either.