Press

Information on a company’s website may become incorrect or otherwise out of date over time. This raises the issue of whether such previously posted materials could be considered “republished” each time a user accesses the materials, and potentially expose companies to liability under antifraud rules for failure to update the previously posted material. The SEC does not believe that maintaining previously posted materials or statements on websites constitutes republishing such materials solely because the materials or statements remain accessible to the public. Nevertheless, to make it clear that the posted materials or statements speak as of the earlier date or period, the previously posted website materials or statements should be (1) separately identified as historical (for example, by dating the information) and (2) located in a separate section of the website (for example, in a section marked “archives”).

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