Posted by & filed under Financial Reporting and Analysis.

Description: Unlike in the United States, Canadian securities regulators have blocked Canadian publicly traded companies from announcing important information first on social media. Canadian companies are required to report information first via the traditional press release. One concern regulators have is that an item could be posted to social media, and then taken down shortly after, thereby contrasting it with the traditional press release.

Date: March 9, 2017

Source: globeandmail.com

Link: http://www.theglobeandmail.com/report-on-business/social-media-cant-be-first-stop-when-canadian-companies-release-big-news-regulators/article34247700/

Discussion Points:

1) As a commerce student, how do you get most of your business news?

2)  Given your answer to question one, what do you think of the Canadian securities regulators’ decision?

3)  Why do you think Canadians and Americans differ on their approach to social media?

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