Confidential Treatment Order - CTO


DEFINITION of 'Confidential Treatment Order - CTO'

An order that provides confidential treatment for certain documents and information, that a company would otherwise have to file. A confidential treatment order (CTO) is issued by the Securities and Exchange Commission (SEC) and may only be in effect for a certain period of time, rather than indefinitely.

BREAKING DOWN 'Confidential Treatment Order - CTO'

Companies would typically seek a CTO in order to keep information that would otherwise put it at a disadvantage, a secret. For example, a company may apply for such an order to keep information regarding a pricing arrangement made with a partner, secret, since competitors finding out this information may go after the partner with a more competitive price.

  1. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  2. Regulation Fair Disclosure - Reg ...

    A rule passed by the Securities and Exchange Commission in an ...
  3. Transparency

    The extent to which investors have ready access to any required ...
  4. Confidential Treatment Application

    A form filled out in accordance with a company's 8-K, 10-Q, ...
  5. Full Disclosure

    1. The U.S. Securities and Exchange Commission's (SEC) requirement ...
  6. Disclosure

    The act of releasing all relevant information pertaining to a ...
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