Lawyers and industry stakeholders praised the Securities and Exchange Commission’s willingness to review its disclosure regime even as they disagreed on what the ultimate outcomes should be.
The review is the “most significant step forward in the last 30 years” in the disclosure arena, David M. Lynn, a partner at Morrison & Foerster LLP, said July 28 at a D.C. Bar panel in Washington.
The agency is doing a wholesale analysis of its disclosure rules, with the ultimate goal of eliminating duplication and making them more useful to investors, officials have said.
The SEC recently received a broad range of ...
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