With some stocks recently losing over one-third of their market value in the wake of lowered earnings reports, there's an easy target for fretful analysts. It's Regulation FD, the "fair disclosure" rule that outgoing Securities & Exchange Chief Arthur Levitt Jr. championed for much of last year. "The quality of information is poorer and it's coming out slower—and that is going to make the market react more," argues Stuart J. Kaswell, general counsel of the Securities Industry Assn., the brokerage industry's trade group.
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机译：由于收益报告下降，最近一些股票的市值缩水了三分之一以上，对于疲弱的分析师来说，这是一个容易实现的目标。去年大部分时间，即将离任的证券交易主管小阿瑟·莱维特（Arthur Levitt Jr.）拥护的是“公平披露”规则FD规则。经纪行业贸易组织证券行业协会（Securities Industry Assn。）的总顾问斯图尔特·J·卡斯韦尔（Stuart J. Kaswell）表示：“信息质量较差，发布速度较慢，这将使市场做出更多反应。”
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