SEC: Short-term borrowing under scrutiny
Public companies would be required to make new disclosures to investors under rule amendments proposed by the SEC.
Public companies would be required to make new disclosures to investors under rule amendments proposed by the SEC. Basically, the changes would require a company to provide a comprehensive explanation in SEC filings of its short-term borrowing arrangements. The SEC’s goal is to shed more light on such practices so that investors can better understand whether short-term borrowings reported at the end of reporting periods are consistent with amounts borrowed through those reporting periods. Comments were due last month. For more details, visit Short-term Borrowings Disclosure.
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