(1) Every issuer of securities that are the subject of a public offer, or which are publicly traded, shall keep the Commission, members of the issuer, other holders of its securities and the general public informed as soon as reasonably practicable of any information relating to the issuer and its subsidiaries, if any, that—
-
(a) is necessary to enable them and the public to appraise the financial position of the issuer and of its subsidiaries;
-
(b) is necessary to avoid the establishment of a false market in its securities; or
-
(c) might reasonably be expected materially to affect the price of its securities.