Disclosure requirements for public companies have ballooned over the decades and need to be reigned in, the three members of the Securities and Exchange Commission (SEC), said Thursday.
The SEC’s requirement to disclose non-financial information, which is governed by Regulation S-K, is excessive and unnecessary, SEC commissioner Mark Uyeda said at a meeting this week of the SEC’s Investor Advisory Committee (IAC), a group that advises the SEC about regulation, trading and fees.
