ADVISORY/Experts Available to Discuss SEC Changes in Corporate Disclosure.Business Editors ADVISORY... --(BUSINESS WIRE)--Feb. 15, 2002 TOPIC: Among the changes in corporate disclosure announced Wednesday by the Securities and Exchange Commission is that companies must provide full explanations concerning their financial health, according to an article by Reuters. Since the collapse of Enron, investors are stating the importance of receiving faster and more comprehensive information from companies and their executives. The SEC proposals, which update Wall Street rules from the early 1930s, may not be enacted for at least four months, the article says. The SEC has shortened the amount of time publicly traded companies have to file their annual reports, or 10K, from 90 to 60 days after their fiscal year ends. Furthermore, companies will have file their quarterly statements within 30 rather than 45 days. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Business Wire has helped publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. fulfill their disclosure requirements for more than 40 years. The following Business Wire executives can provide a detailed explanation of the current disclosure process, which provides institutional and retail investors Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. with real-time, simultaneous access to market-moving corporate news developments. Please contact Cathy Baron Tamraz, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and/or Neil Hershberg, vice president, global media at 212/752-9600. Mr. Stephen Schulte is a securities lawyer at Schulte, Roth & Zabel with expertise in online investing, internet issues, SEC. PR: Alison Gillies, Julie Schwartz (jschwartz@gcigroup.com). Ms. Deborah A Stapleton is president of Stapleton Communications Inc. She has years of hands-on experience in investor relations Investor relations The process by which the corporation communicates with its investors. . She has a strong knowledge of market regulations, emerging companies and working with Wall Street and the media. She can also discuss SEC regulations. PR: David Cohen For other persons named David Cohen, see David Cohen (disambiguation). David Cohen (November 13, 1914 - October 3, 2005), was an American politician, noted for his service in the administration of President Franklin D. , david@stapleton.com 650/470-4221). Professor Kathleen Hanley, of University of Maryland University of Maryland can refer to:
Please [ improve this article] or discuss the issue on the talk page. and was an ALJ ALJ Administrative Law Judge ALJ Association for Legal Justice (Northern Ireland) proceeding brought by the SEC against the company for potentially improper disclosure of allocation of IPOs. 301/405-7119, 301/405-1000 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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