US disclosure overload hurts retail investors.

• Autores: Zoe Thomas
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article views that the efforts of the U.S. Securities and Exchange Commission (SEC) to reform disclosure filings could leave retail investors at a disadvantage, according to Danielle Carbone, partner at law firm Sherman and Sterling. It discusses the importance of summaries as a disclosure point on initial public offering (IPO) prospectuses. One solution suggested to remove industry-wide risk factors is to cut repetition and other unnecessary information throughout the disclosures.