NEW YORK: More than two years after the SEC adopted Regulation Fair Disclosure (Reg FD), the agency handed down its first set of enforcement actions resulting from alleged violations of the rule.
Three companies settled cases with the SEC, including Siebel Systems, which agreed to pay a $250,000 fine. Raytheon and Secure Computing Corporation were also admonished, and accepted cease-and-desist orders. The CFO of Raytheon and Secure Computing's CEO Tom Siebel were both named in the action. However, neither company would ...