Securities Client Alert: SEC Announces Intention to Significantly Change Corporate Disclosure Rules
3/8/2002
SEC release announces the intention to propose significant changes to corporate reporting and disclosure rules for public companies. According to the release, the SEC intends to propose that a company be required to disclose, on a current basis, significant transactions in its stock by executive officers and directors, and that a company be obligated to report insider transactions. The Commission also intends to propose shortened deadlines for the filing of Form 10-Ks and Form 10-Qs and to expand the type of information that a company is required to report on its Form 8-K. This publication also identifies the SECs intention of proposing amendments to its rules for Management's Discussion and Analysis of Financial Condition and Results of Operations and to propose rules to require public companies to make all Exchange Act reports available on their web sites concomitant with their filing with the SEC.
