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Capitol Report: SEC targets proxy and short selling rules, compensation disclosures for possible changes

The Securities and Exchange Commission asked investors on the day before Thanksgiving to take another look at a very long list of its regulations and tell the regulator whether they should stay on the books.

The move, made under cover of a long holiday weekend preoccupied with turkey and shopping, is an annual exercise required by the Regulatory Flexibility Act, a law passed in Reagan-era 1980 to address the perceived disproportionate impact of federal regulations on small businesses. It requires the SEC to selectively resurface rules after ten years in force and allow the public to comment on whether they should continue without change, be amended or be repealed completely.

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