21.   There are questions of American securities violations as well, notably selective disclosure rules.

22.   When Internet stocks were all the rage, selective disclosures were often all that was needed to send stock prices up.

23.   When a stock can be clobbered this badly by a fraudulent news release, it would seem that selective disclosure may not be as threatening as regulators perceive.

24.   The staff of the two commissions then accused Air Canada of acting against the public interest by using selective disclosure.

25.   Unger said Thursday she had dissented because she opposed the proposed solution, while agreeing that selective disclosure is a problem.