On June 12, the SEC proposed rules that would force CEOs to “personally vouch” for their companies’ public disclosures, and would increase the number of items to be reported in current reports (Form 8-K). Those current reports would also need to be filed within two business days, instead of the current five to 15 business days.
On July 30, the SEC submitted changes to this proposal as a result of the Sarbanes-Oxley Act of 2002.
