On May 6th, SEC Commissioner Kara M. Stein gave a speech in Denver, Colorado entitled Disclosure in the Digital Age: Time for a New Revolution at the 48th Annual Rocky Mountain Securities Conference. The speech discussed the importance of providing meaningful disclosures to investors, and how the SEC is working to increase the ease and effectiveness of communication of such disclosures between companies and investors. Ms. Stein’s speech specifically discussed two SEC initiatives related to this area:
- The redesign of EDGAR, their electronic filing system, and
- The “Disclosure Effectiveness” project.
Regarding both of these initiatives she states “We need to broaden our vision and reach for a higher goal. Let us re-imagine disclosure and how information can be exchanged between companies and investors.” She also cites technological advances as the catalyst to opening up communication between companies and investors.
One of the main takeaways from this speech is that disclosures need to be meaningful. At Jacko Law Group we have extensive in-house, hands-on industry experience and are up to date on all of the latest technology initiatives. For more information on how to make your disclosures relevant, contact JLG at 619.298.2880 or email@example.com.