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New administrative law rules in store for SEC filings

When it comes to gathering information for your professional services litigation case, economic authorities are often more harmful than helpful. New administrative law measures from the Securities and Exchange Commission could change that, though, with new regulations that provide additional information for the "forgotten investor." Too often, experts say, investors struggle to find company information in lengthy public filings. A new set of requirements could provide more transparency, allowing investors to make better personal decisions with regards to their administrative litigation.

The new changes in administrative law, expected to take effect in the next couple months, will require public companies to "hyperlink" to additional information in their public filings. This will eliminate the need for investors to take deep dives into data. This would eliminate the current time-consuming system that can lead to confusion and administrative difficulties for investors.

Further steps are being considered to update systems to include "inline XBRL" coding. This software-based approach would label financial statements with searchable tags that resemble barcodes. Updating to this system would further improve access for investors and others with vested interests in specific financial disclosures.

Professionals who work with SEC regulations should be aware that these changes are on the way. Both investors and those holding professional licensure in economic and trading industries should know that the administrative law modifications are happening - and knowing your legals rights and responsibilities around those updates. Professionals can protect their licensure from litigation and legal attacks by staying abreast of industry changes, particularly those related to government agencies and regulations. A qualified attorney can also provide additional assistance for workers who are concerned about the status of their professional license.

Source: Reuters, "U.S. SEC to take steps to modernize disclosures," Sarah N. Lynch, Feb. 24, 2017

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The Patton Law Firm, LLC
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