3 Takeaways From SEC's Trim To Company Disclosure Rules
Law360 (March 28, 2019, 6:51 PM EDT) -- The Securities and Exchange Commission's aim to simplify public company disclosure will make it easier for companies to redact sensitive material under specific conditions, a change that could benefit issuers but that one commissioner worries will leave investors with less information.
The SEC, acting under congressional mandate, last week adopted rules that are intended to eliminate redundancies to disclosures without reducing investors' access to material information. The idea is to make company documents more readable and easier for investors to navigate.
Congress ordered the SEC to streamline disclosures in 2015 through a provision in the Fixing America's Surface Transportation Act. The...
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