Reform SEC Securities Disclosure System
Securities and Exchange Commission / Division of Corporation Finance
Establish a simplified and rationalized securities disclosure system with three basic categories of firms (private firms, smaller intermediate firms, and public firms), with scaled disclosure requirements and specified secondary markets for each category.
"The SEC and Congress should fundamentally reform the securities laws governing issuers, broker-dealers, exchanges, and other market participants. Among other things, they should establish a simplified and rationalized securities disclosure system with: Three basic categories of firm: private firms, an intermediate category of smaller firms, and public firms" – Project 2025History
Mon Jan 20 2025
Initial analysis
Disruptive Potential
MODERATE
Would significantly change how companies disclose information to investors, but maintains basic market protections
Status
Planned
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