what is full disclosure 
full disclosure is the u s securities and exchange commission s sec requirement that publicly traded companies release and provide for the free exchange of all material facts that are relevant to their ongoing business operations full disclosure also refers to the general need in business transactions for both parties to tell the whole truth about any material issue about the transaction for example in real estate transactions there is typically a disclosure form signed by the seller that may result in legal penalties if it is later discovered that the seller knowingly lied about or concealed significant facts 1