President Biden to Nominate Former CFTC Chair Gary Gensler to Lead the SEC
On August 26, 2020, the SEC adopted amendments to its business, legal proceedings and risk factors disclosure rules. All public companies, particularly smaller ones, can benefit from the SEC’s continuing commitment to a principles-based and company-specific approach to disclosure in registration statements, periodic reports and certain proxy statements filed with the SEC.
SEC Chair White reports that SEC is preparing a proposal to require more meaningful diversity disclosure.
SEC rules and regulations require certain disclosures in connection with the use of “non-GAAP” financial measures in public communications and filings with the SEC; the use of such measures may draw SEC scrutiny
SEC assessing adequacy of current disclosure rules.