UPDATE 1-U.S. SEC’s Clayton says companies seeking bailouts must disclose plans, communicate with investors
The head of the U.S.
Securities and Exchange Commission (SEC) said on Tuesday that
companies in discussions about bailouts resulting from the
economic impact of the coronavirus outbreak should disclose to
investors where they stand.
“We’re in a very different environment,” SEC Chairman Jay
Clayton said in an interview on CNBC. “Companies are going to be
talking about where they stand … and their plans going forward
Securities and Exchange Commission (SEC) said on Tuesday that
companies in discussions about bailouts resulting from the
economic impact of the coronavirus outbreak should disclose to
investors where they stand.
“We’re in a very different environment,” SEC Chairman Jay
Clayton said in an interview on CNBC. “Companies are going to be
talking about where they stand … and their plans going forward
Posted by Reuters
