Jul
18
Back in May, I blogged on how the Securities and Exchange Commission had turned itself into the grammar police in its campaign for plain English.
But now it seems that the SEC only wants its own brand of plain English used and it gets its back up when corporate attorneys try improving the language that the regulator is using, according to this report.
There is no doubt that getting companies to disclose in plain English is important for investors, and I explain why here.
But as with Sarbanes-Oxley, it seems that some things put forward with the best of intentions can be corrupted and stifled by regulatory overkill.
no comment untill now