The Securities and Exchange Commission instituted its first enforcement actions relating to its fair disclosure regulation, known as Regulation FD, a rule put in place by the commission in 2000, to prevent companies from leaking information to selected investors and securities professionals.

Among the SEC efforts is a settlement following cease-and-desist proceedings against San Jose, California, software company Secure Computing Corporation and its CEO John McNulty. The commission’s order found that Secure and McNulty violated Secure and McNulty consented to issuance of the order without admitting or denying its findings.