When you invest in a public company, you know, like Pepsi or Apple, those companies are required to file basic financial and business information with the SEC four times a year. In May, the SEC proposed reducing those disclosures to two times a year. Days later, the SEC proposed rules that exempt 80% of public companies from disclosures and accountability on what executives get paid. (03:16–03:22)
CLAIM
Asserts that the SEC proposed reducing company disclosures from four times to two times a year.
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