SEC Told To Emphasize That Earnings Guidance Not Required
Law360 (July 18, 2019, 8:55 PM EDT) -- The U.S. Securities and Exchange Commission should make it more clear that companies are not required to give quarterly earnings guidance, certain members of a panel told agency officials on Thursday, worried that fixation on short-term results is unhealthy for America's public markets.
Panelists raised the issue during two roundtables hosted by the SEC, which is studying if an excessive focus on the short-term performance of companies is detrimental to the interests of long-term investors and whether regulators should do something about it.
The SEC published a request for comment last December inviting public input on this and related topics, including...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!