Thursday, May 19, 2005

SEC to Make Public its Staff Letters to Firms

The Securities and Exchange Commission said Monday that it will begin to make public this week its staff's comments to companies about their financial reports, stock offerings and other required disclosure documents, a move that will provide investors with new information.
The SEC originally announced the initiative last June, saying it would begin publishing the staff comment letters on its Web site in August. The move was delayed by technical problems, agency officials have said. The letters from SEC staff to companies and mutual funds as well as their responses to the SEC examiners will be made public starting Thursday, for company filings made after Aug. 1, 2004.

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