SEC’s Proposed Reporting Change Draws Scrutiny

The Securities and Exchange Commission has proposed a reduction in the number of firms required to disclose their U.S. equity-related securities by almost 90 percent, a move that “drew criticism from companies that have built businesses around such information and market observers who decried a potential loss of market transparency.” This according to a recent article in Institutional Investor. The proposal, made earlier this month, would raise the threshold for firms required to report equity… Read More