SEC Seeks Input on Updating Company Disclosure Rules (1)

Companies soon will have the chance to weigh in on an SEC plan intended to give them more flexibility in how they report risk factors and describe their businesses.

The Securities and Exchange Commission has voted to release the proposal for public comment, the agency said Aug. 8. The vote was conducted behind closed doors and not at a public meeting as initially scheduled. The agency has yet to release a vote tally.

The plan is a product of the Disclosure Effectiveness Initiative former Chairman Mary Jo White started during the Obama administration to improve various reporting obligations, including those ...