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Legal1088144 DOC Sec Form

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I’m attorney Laura Anthony founding partner of Legal & Compliance, a full service corporate securities and business transactions law firm. Today is the continuation in a LawCast series discussing SEC disclosure requirements and, in particular, the 341-page Regulation S-K concept release, and request for public comment issued by the SEC on April 15. 2016. The SEC understands that the cornerstone of the disclosure laws must be materiality. In general, the rules rely on company management to evaluate and access the necessary information to be included in registration statement and report. This requirement is referred to as a principle-based approach because it articulate a disclosure objective and looks to management to exercise judgment in satisfying that objective. Although materiality is the overriding concept, the disclosure laws also include certain prescriptive bright line information requirements that must be included regardless of management’s assessment of materiality

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