With the close of the first quarter and earnings releases and investor calls around the corner, senior leadership at the Securities and Exchange Commission is pushing for full disclosure transparency regarding impact of the coronavirus pandemic.
Chairman Jay Clayton and Division of Corporation Finance Director William Hinman issued a joint public statement Wednesday stressing the importance of disclosure to protecting investors and maintaining market integrity. “We urge companies to provide as much information as is practicable regarding their current financial and operating status, as well as their future operational and financial planning,” the duo stated.
