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ПОСОБИЕ ПО АНГЛИЙСКОМУ ЯЗЫКУ ДЛЯ СТУДЕНТОВ ГУМАНИТАРНЫХ ВУЗОВ

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11. Develop the following statements:

1. Employees, as well as outsiders, have a right of privacy that can be violated through the careless release of personal information.

2. You must have written permission to use an individual's quotes and photographs for promotional or advertising purposes.

12. Comment on the following statements. Do you agree with them? Prove your point of view.

1. People are interested in people and most people are willing to have favorable things said about themselves.

2. In recent years there has been a great increase in sensitivity to invasion of privacy.

UNIT

^THREE

А.

Regulations of Government agencies

Releasing false or misleading information can get you in trouble with government regulatory agencies. State agencies are empowered by law to enforce regulations about the distribution and content of financial and product information. They may issue cease-and-desist orders or injunctions. Fines can be levied, and adverse publicity can appear in the media. Also, people who feel that they have been injured or deceived can file lawsuits and collect damages.

False information can be either misrepresenting facts or misleading someone into believing something that is not quite true. Any information affecting the value of a security must be made known to the owners. This is done by filing certain annual and quarterly reports, highlights of which are often included in news releases.

In general, a company whose stock is publicly traded must immediately release the following kinds of news:

• Dividends or their deletion

• Annual or quarterly earnings

• Preliminary but audited interim earnings

• Stock splits

• Mergers

• Changes in top management

• Major product developments

• Major expansion plans

• Change of business purposes

• Defaults

• Dispositions of major assets

• Proxy materials

• Purchases of its own stock