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"Two factors favor more than less disclosure," he said.
Many of these will require less disclosure and will be particularly ripe for fraud.
"From a consumer protection standpoint, this combination of little sophistication and even less disclosure seems troubling".
But critics fear that less disclosure will make it harder to detect problems in these plans.
Twitter also elected to largely not follow the rest of the JOBS Act rules for less disclosure.
Even now, the B.I.S. operates with less disclosure than the 18 central banks that make up its executive committee.
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In general, my feeling is companies are staying public because they can raise the money privately and if you can do that – with less disclosures, fewer hassles, and not having to focus on stock price, which is a report card on your performance every day – why wouldn't you?
Experian, which has a less prominent disclosure, declined to predict how many subscribers a rule like that could cost it.
Edward Siedle, a lawyer in Florida who investigates pension consultants, called it "ironic that the online system has resulted in less meaningful disclosure than the old system".
An inspector calls Rocket Man Reprints Related items Buttonwood: Mutiny in the ranksFeb 8th 2007 The stockpotJan 18th 2007In a study of 100 firms that have reported, Mr Hodgson found that the perks given to chief executives, though relatively small, were much higher than those reported last year under the old, less exacting, disclosure rules.
As such, results may also suggest that less CSR disclosure does neither indicate if companies do not dispose over any CSR characteristics in their corporate identity nor to what extent these characteristics are existent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com