Securities and Exchange Commission Chairman Christopher Cox suggested on Friday that the SEC will consider allowing companies to push their financial information to the public via blogs —- and he did so by posting himself on a blog on Friday. That’s the first time an SEC Chairman has posted on a blog, but moreover, if the SEC approves blogs as a medium for disseminating financial disclosures it will be a recognition that blogs meet the criteria to reach a ‘broad public audience through non-exclusionary means.’
Chairman Cox also invited the opinion Jonathan Schwartz, the CEO of Sun, on the viability of relying on blogs for this federal financial regulation. Schwartz, one of the few executives who blog for their company, earlier requested to use blogs for this mechanism. (NYT, Post)