SEC’s Atkins Seeks Ideas to Cut ‘Immaterial’ Corporate Reporting

SEC Chairman Paul Atkins on Tuesday called for suggestions to curtail corporate disclosures, saying investors face an “avalanche of immaterial information.”

The Securities and Exchange Commission is looking for recommendations to trim companies’ annual reports and other filings until April 13. The request came after the SEC last year gathered input from the public on executive compensation disclosures in proxy materials sent to shareholders ahead of companies’ annual meetings.

“The Commission’s disclosure regime should enable a reasonable investor to separate the wheat from the chaff when reviewing periodic reports and proxy statements,” Atkins said in a statement.

• Atkins has ...