Summary:
- This article discusses a no-action letter issued by the U.S. Securities and Exchange Commission (SEC) regarding the use of electronic media to deliver information to investors.
- The letter clarifies that companies can use electronic media, such as email or websites, to provide required disclosures and information to investors, as long as the investors have access to the electronic media and can effectively retrieve the information.
- The article highlights the SEC's efforts to adapt to technological advancements and provide guidance on how companies can leverage electronic communication to efficiently share information with investors.