Material Information

Material information is information that a reasonable investor would consider important to an investment decision, and it is the test that triggers SEC disclosure.

Information that a reasonable investor would consider important to an investment decision — the test that triggers SEC disclosure, SEC 8-K filings, and Reg FD obligations. The most-litigated definition in securities law. Misjudging materiality is the most common driver of Disclosure Quality failures in public-company crisis response.

Related terms

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