Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Thursday, October 06, 2005
Last Roar @ SEC
The outgoing chairman roared one last time in favor of investors. The now retired champion of investor rights pushed back on important regulations governing transparancy and appointment of independent boards. Somehow certain courts were convinced to try and influence these important regulatory improvements. While I applaud the outgoing gestures it remains to be seen what the incoming chairman will do. If he attempts to reverse or waterdown any of these measures we will know for sure that the fox is in the chicken coop. Stay tuned and keep the doors locked there may be varmits in the area.