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Investment banks, for their part, have said they provided adequate disclosures, and they even kept some of the securities on their books.
Mr. Finnegan said that while investors might not agree with those decisions, the interpretation would be acceptable so long as it was accompanied by adequate disclosures.
As demonstrated by the enforcement actions made public today, we and our regulatory partners will aggressively pursue financial institutions that fail to provide adequate disclosures to clients".
In the past, the investment banks have asserted that they provided adequate disclosures about the risks posed by the loans but that many investors did not bother to carefully evaluate securities they were buying.
In December, the company's law firm in the United States, Akin Gump Strauss Hauer & Feld, withdrew from representing TV Azteca, saying the company had not made adequate disclosures to investors about debt repayments to Mr. Salinas.
It is the SEC's responsibility to ensure thAt that Delaware company decision is nothated to subvert the SEC's stated mission and goals.
Similar(52)
If there is adequate disclosure, and you make a bad investment, that is your problem.
Lewis D. Lowenfels, an authority on securities law at Tolins & Lowenfels in New York, said PeopleSoft's correction of the misstatement might not be adequate disclosure under securities law.
If you thought the takeover of A.I.G. lacked adequate disclosure — like the identity of its counterparties — this process may not be much better.
Wells Fargo thinks that was perfectly adequate disclosure, even though no examples were given to indicate the possible magnitude of the termination payment.
Without adequate disclosure, an "opt out" system looks like snooping; but an "opt in" system, given all the fuss, now looks like a tough sell.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com