How the SEC is making life easier for corporate America

WASHINGTON - Under the Trump administration, the Securities and Exchange Commission has taken more than two dozen measures - including trimming rules - that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups.

The change allows firms more flexibility to work out kinks with the SEC before subjecting their finances to public scrutiny. The SEC has proposed a hard cap of $30 million when it recovers over $100 million, and a cap of $2 million when it recovers a smaller amount. The changes may help to deter bogus or unhelpful tips that have stretched staff, say lawyers.

In December 2018, the SEC opened a public consultation on ways to ease the reporting burden, including by potentially moving to a semiannual cycle. But opponents of the proposal, including Jackson and Harvard University academics, say it could lead to more corporate fraud.In September, the agency finalized a new rule that allows all companies to privately sound out prospective institutional and certain accredited investors before filing for a stock exchange listing, expanding another provision of the 2012 JOBS Act.

Last year, for example, the SEC updated disclosure rules for hedging transactions and to ensure investors get a comprehensive picture of mining companies’ assets. In August, the SEC also proposed giving companies more flexibility in how they disclose general business development issues, litigation and risk factors.

The SEC is taking the share ownership's power away and giving more to board members. Ben Graham speaks of this and believes that when you own shares of a company than you own that company and have the power with other share holders to make decisions. Maybe it's best to sell.

Warren Buffett complained about the way American Business is now run. 50 years ago, you bought stock in a company, you owned the company and could go to shareholders meetings and vote on officers and how the company was run, Now, corrupt execs STEAL EVERYTHING, The Ken Lay Rule.

Old Republicans trick, don't enforce laws

LSU and Alabama are overrated

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