The Securities and Exchange Commission (SEC) has raised the financial threshold for corporations required to submit audited financial statements. The reform is designed to ease compliance burdens on micro enterprises while preserving strong investor and regulatory protections. The Commission’s authority to issue the new rules is grounded on Section 68 of the Securities Regulation Code (SRC), in relation to Section 5 thereof, which empowers the SEC to formulate, amend, or repeal accounting and re

The Securities Exchange Commission (SEC) proposed rule on climate disclosure is good for small investors—especially retirement savers—who need standardized and reliable information to better protect their life savings. In fact, 97% of the investors who submitted comment letters to the SEC support the proposed climate disclosure rule. | Americans for Financial Reform