You too need to smell the roses !! The SEC has long encouraged disclosure of material information by public companies. Federal securities laws, however, do not require disclosure of all significant corporate developments at the time they occur. Although the regulations of most major stock exchanges typically require prompt disclosure of material information, control over the timing of public disclosures of material information remains in the hands of the disclosing company. - See more at: http://corporate.findlaw.com/finance/new-sec-regulation-targets-selective-disclosure-by-public.html#sthash.C7liqMPw.dpuf