This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Maven: Straight Talk

During a week in which the vice president was a touch slow in explaining that he mistook lawyer for fowl, it seems like a natural to ( groaner alert) take a shot at an aspect of public posturing more relevant to investors.

Only a day after news broke that Mr. Cheney spread buckshot into a friend, The Business Press Maven got a question from a reader, Joseph Michael Shay, about to what degree a company is obligated to swing from the chandeliers to tell everyone and his brother about a Securities & Exchange Commission investigation.

The Business Press Maven had to answer that being coy is not necessarily corrupt, though as a shareholder I would always tread carefully with the less-than-talkative.

But let's back up, careful of our fellow hunters.

China Natural Resources (CHNR), an outfit that filed an 8-K on Feb. 9 that included a little ditty about how heavies from both the SEC and NASDAQ have came a-knockin', requesting information about trading activity in the company's shares prior to a late January acquisition. The Business Press Maven tried to contact China Natural Resource for comment but did not hear back.

While the company must make account of the news in its filings and not lie in conversations with investors about the little men with magnifying glasses combing over the home office, Mr. Shay essentially asked why the company was not required to bang the drums to investors about the news.

To their credit, many companies start with a press release and, within strict limits from their lawyers, go from there. The laundered truth of the press release is always suspect, and trying to weave the less-than-innocuous little fact that 'the fuzz wuz here' into words on the wire is quite a dark art. But it only costs a fistful of change and is often a good first step toward semi-open discourse. And let's be fair: The SEC does sometimes overreach, entitling everyone to their protestations of innocence.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CHNR $2.20 0.00%
KBH $14.78 0.00%
TOL $36.17 0.00%
AAPL $130.28 0.00%
FB $79.19 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs