(Total Views: 466)
Posted On: 09/14/2023 5:29:45 AM
Post# of 153908
In theory, if a company fails to file the 10K on time, it can be fined by the SEC. However, one law firm writes that
"In our experience, SEC administrative proceedings for late filings are usually reserved for the most egregious cases. Here, the SEC made clear that these cases were instead about intentionally misleading disclosure, causing information asymmetry in the market that prevents investors from making informed investment decisions."
Since this case clearly is NOT about the company intentionally preventing investors from making informed decisions, one would assume that the upshot of a late 10K will be nothing, zilch, nada, and nought. Anyone claiming the sky is falling as a result of the 10K being late is probably a FUDdy-duddy.
By the way, did that Chicken Little story scare the crap out anyone else on this board as a child?
"In our experience, SEC administrative proceedings for late filings are usually reserved for the most egregious cases. Here, the SEC made clear that these cases were instead about intentionally misleading disclosure, causing information asymmetry in the market that prevents investors from making informed investment decisions."
Since this case clearly is NOT about the company intentionally preventing investors from making informed decisions, one would assume that the upshot of a late 10K will be nothing, zilch, nada, and nought. Anyone claiming the sky is falling as a result of the 10K being late is probably a FUDdy-duddy.
By the way, did that Chicken Little story scare the crap out anyone else on this board as a child?
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