Has the Securities and Exchange Commission bungled its disclosure rules?
That’s the question being whispered around Wall Street trading floors after a series of company disclosures in recent weeks from the likes of Microsoft and Google that appear to have created an awful lot of confusion, potentially giving some savvy investors an edge while potentially putting the rest of us at a disadvantage.
Here’s the back story: A little over a week ago, Microsoft decided to change the way it releases market-moving news like its earnings report.
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