The Securities and Exchange Commission's Regulation FD is desigued to

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Regulation FD, or Fair Disclosure, was implemented by the SEC in 2000 to address the issue of selective disclosure. This is when companies give certain investors or analysts access to important nonpublic information before announcing it to the public, giving those individuals an unfair advantage in the markets. Regulation FD requires that any material nonpublic information must be disclosed to all investors at the same time, leveling the playing field and ensuring fairness in the markets.

The Securities and Exchange Commission's Regulation FD Is Desigued to