Cox Testifies on Plain English

SEC Chairman Christopher Cox, spoke on one of his favorite topics, Plain Language — The Benefits to Small Business, before the Subcommittee on Contracting and Technology, Committee on Small Business,
U.S. House of Representatives, on February 26, 2008.   He announced that the SEC will soon conduct a baseline survey of America's investors to find out whether they find proxy statements, 10-Ks, and other SEC-required disclosure documents to be useful.  The survey will also gather ideas on what would make these documents more useful.   He stated that "over time, we hope to see a significant decline in the percentage of investors who routinely put SEC documents in the trash."