PR Newswire's John Viglotti Sees Need for Additional Guidance from the SEC in Defining Social Media Channels for Corporate Disclosure

NEW YORK, May 7, 2013 /PRNewswire/ -- During a panel discussion entitled, "Social Media and SEC's Latest Ruling; Where Do We Go from Here," John Viglotti, Vice President, Investor Relations Products and Services of PR Newswire, posed the question, "What is an appropriate channel for Reg. FD disclosure?  How do you define the social media channels?  Is MySpace a social media channel or HotStocks.com?  I think there's a lot more that needs to be done in terms of additional guidance from the SEC on the use of social media channels."

(Photo: http://photos.prnewswire.com/prnh/20130507/NY09192-a)
(Logo: http://photos.prnewswire.com/prnh/20130117/NY44355LOGO-a)
(Logo: http://photos.prnewswire.com/prnh/20130507/NY09192LOGO-b)

On April 24th, Mr. Viglotti participated in a high-level debate among investor relations counselors, financial industry influencers, and journalists over whether disseminating earnings reports and other material disclosures via Facebook, Twitter and other social media platforms will achieve what investors want and need in terms of transparency and sufficient information while remaining in compliance with the SEC's regulations on disclosure. 

His fellow panelists included Jeff Corbin, CEO, KCSA / Founder, theIRapp™; Judith McLevey, vice president, Corporate Actions and Market Watch, NYSE Euronext; Vinny Jindal, CEO and Co-Founder of StockR, Inc.; and Kenneth Florin, a partner with the law firm of Loeb & Loeb. 

The event was sponsored by Akamai, and co-hosted by CommPRO and Onstream Media, a webcasting and service provider for SEC-regulated companies.  The live event was held at the AXA Equitable Center.  CommPRO contributor and seasoned investor relations analyst, Gene Marbach, moderated the one-hour forum.

Mr. Viglotti's remarks as well as those of his fellow panelists can be heard in a replay of the event, which can be found here:  http://www.webcaster4.com/Webcast/Page/10/1347

About PR Newswire
PR Newswire (http://www.prnewswire.com/) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 59 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

Media Contact:
David Korvah
Marketing Specialist
PR Newswire
+201.360.6514
[email protected]

SOURCE PR Newswire Association LLC