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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.
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.
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.
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.
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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