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Securities Law

SEC Company Disclosure Plan Needs Fixes, Commissioners Say

Aug. 27, 2019, 10:07 PM

The SEC’s two left-leaning members aren’t entirely happy with a recent agency proposal to give companies more flexibility in how they report risk factors and describe their businesses.

Securities and Exchange Commission members Robert Jackson and Allison Lee said Aug. 27 they have concerns about how the plan would move company reporting to a principles-based approach in several areas and doesn’t discuss climate risk disclosures. Both Jackson and Lee voted in favor of releasing the Aug. 8 proposal despite their concerns.

“We urge commenters to come forward to help ensure that our rules produce the comparability and transparency that American...

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