Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, September 29, 2008

SEC Schedules Roundtable on Disclosure System

The SEC will hold a Roundtable on Modernizing the Securities and Exchange Commission's Disclosure System on Wednesday, Oct. 8, 2008, beginning at 9:00 a.m.  (I know, you're thinking that the financial markets are going to hell in a handbasket, but ....)  The roundtable will consist of an open discussion on the Commission's financial disclosure system, including the information needs of investors, public companies, and others and the capabilities of modern information technology to improve transparency and ease of use. The roundtable will be organized as two panels, each consisting of investors, issuers, academics, and other parties with experience with the Commission's financial disclosure system.

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It appears that there will be no webcast or conference call arrangements for this function, which is disappointing. Congressional floor proceedings are broadcast on television, as are many city council meetings. Colorado manages to webcast all of its legislative proceedings, including committee meetings, and has floor proceedings on video. Publicly held companies now consider conference calls the normal means of releasing news more complex than press releases, largely due to the mandates of the SEC. Apparently, the SEC is behind the times by comparison.

Posted by: ohwilleke | Oct 1, 2008 4:22:50 PM

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