The IT Law Wiki


32,080pages on
this wiki
Add New Page
Add New Page Talk0

Definitions Edit

General Edit

Something is material if it has legal significance.

SEC Regulations Edit

Information is considered material if there is a substantial likelihood that a reasonable investor would consider it important in making an investment decision or if the information would significantly alter the total mix of information made available.[1]

References Edit

  1. Securities Act Rule 408, Exchange Act Rule 12b-20, and Exchange Act Rule 14a-9. See also Basic Inc. v. Levinson, 485 U.S. 224 (1988) (full-text); TSC Industries, Inc. v. Northway, Inc., 426 U.S. 438 (1976) (full-text).

Also on Fandom

Random Wiki