Is a NASDAQ company obligated to answer a MarketWatch analysts questions over the phone?
Listing Rules 5250(a) and IM 5250-1 require NASDAQ companies to provide full and prompt responses to requests by NASDAQ for information related to unusual market activity or to events that may have a material impact on the trading of its securities in NASDAQ. NASDAQ MarketWatch may occasionally call corporate officials to discuss unusual market activity, material news and/or undisclosed corporate developments. This is routine practice. The information exchanged is confidential and used solely for regulatory purposes. A corporate official can verify the MarketWatch contact before discussing material information by obtaining the name of the MarketWatch analyst and calling him/her back through the MarketWatch main numbers.