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Discover the Spring 2020 issue of Scuttlebutt, the FN NCA newsletter, featuring updates on scholarships, membership reports, and upcoming events for Navy Nurses.
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Scuttlebutt is a term used in the context of financial reporting that refers to the process of gathering informal or unverified information about a company, often concerning insider trading or ownership.
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Individuals and organizations that are in possession of certain non-public information about a company, especially those with insider knowledge, are typically required to file scuttlebutt.
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Filing scuttlebutt generally requires a detailed report that includes specific information about the company and the nature of the information being reported, which may involve filling out prescribed forms set by regulatory authorities.
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The purpose of scuttlebutt is to maintain transparency in financial markets by encouraging the reporting of insider information to prevent insider trading and ensure fair trading practices.
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Information reported on scuttlebutt typically includes details about stock ownership, insider transactions, and any material non-public facts that may influence a company's stock price.
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