A top Securities and Exchange Official gave companies more advice last week on drafting considerations for their upcoming financial reports, as well as an update of the SEC staff’s recent actions and a preview of initiatives that will be keeping the SEC—and U.S. issuers—busy in coming weeks.
In remarks to the Current Financial Reporting Issues conference in New York, John White, director of the SEC’s Division of Corporation Finance, said the staff has been busy reviewing the proxy statements of companies that want to participate in the Treasury Department’s Capital Purchase Plan, but don’t have the necessary preferred stock authorized ...