The key historical landmarks in US disclosure practices
Having left his government job, former SEC chairman Arthur Levitt can once again actively invest. In doing so, he can peruse plain English prospectuses, view Edgar filings online, listen to analyst conference calls via the web and be reasonably assured he's up-to-date on news. He may be somewhat less sure if he can trust auditors. Overall, however, he'll be pretty confident in 'the system' (of course, only his broker will know for sure). Similar trust by the American investing masses has made
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