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The SEC is trying to get companies to notify the investment community more quickly when a material change will affect their forthcoming financial results. In

The SEC is trying to get companies to notify the investment community more quickly when a material change will affect their forthcoming financial results. In what sense might a financial manager be seen as more ethical if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated? What are the downsides and upsides to taking this action?

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