Navigation

2013-01-31 — washingtonpost.com

About 100 small banks have stopped reporting financial details about their operations to the Securities and Exchange Commission since April, when a law was enacted that aimed to lower the regulatory burdens for small companies.

For nearly five decades, securities law allowed banks with fewer than 300 shareholders to "deregister" -- meaning they could stop reporting to the SEC their revenue, expenses, executive compensation and trends affecting their businesses, among other things.

go to full article | permalink to this | forum thread | | RSS | Subscribe by email!



Comments: Be the first to add a comment

add a comment | go to forum thread