It’s hard to imagine a company, much less a large and reputable one, breaking any obvious SEC laws these days. After witnessing so many companies and executives disgraced in public, you’d reckon that companies would go above and beyond their means to keep integrity at the top of their priority list.
But oh no, in the words of George Santayana, “Those who cannot remember the past are condemned to repeat it”, and corporate memories seem to always have acute Alzheimer's. Such is the recent case of Siebel Systems who has gotten itself in a bit of hot water by allegedly breaking the SEC’s RegFD.
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