Regulatory Outlook | 07.25.22
Bill to Require SEC Investor Testing Is Revived
The SEC Disclosure Effectiveness Testing Act has been reintroduced in the U.S. House of Representatives. The measure would require the U.S. Securities and Exchange Commission (SEC) to conduct investor testing prior to issuing any rule or regulation that designates documents or information to be disclosed under the securities laws to retail investors. The bill would also require the SEC to review and test its existing disclosures for retail investors.
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