SEC Review of Disclosure Effectiveness
The quantity of corporate disclosure provided to shareholders and potential investors has exploded in the past several decades. While full and fair disclosure is critical to investor confidence, concerns about information overload are leading many to question whether, with respect to regulated disclosure, less would be more. The SEC is now undertaking a review of disclosure requirements to improve the SEC’s disclosure regime for the benefit of both companies and investors. This review may lead to more narrowly tailored disclosure requirements, but it could also lead to expansion of disclosure in some areas.