September 21, 2016
Comment on Regulation S-K and Regulation S-X. Reducing the amount of information provided because investors are unable or less likely to understand complicated financial data is the opposite of what is needed. Investors rely upon their advisors, accountants and legal professionals who are capable and paid to review this type of information, and business journalists can ferret out issues which effect corporations profitability. Less information will make this harder, and the public and investors will suffer as a result.