The Securities and Exchange Commission may be swamped with rulemaking chores thanks to the Dodd-Frank Act, but companies shouldn’t think that means they’ll get a pass during SEC staff reviews of corporate filings this winter.
That was the message from Meredith Cross, director of the SEC’s Division of Corporation Finance, during a recent update of the division’s activities at the Practising Law Institute’s Securities Regulation Conference in New York. With the Sarbanes-Oxley mandate to review the filings of reporting companies at least every three years “mastered,” Cross said the staff is taking a “fresh look” at its review program.
