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Any such lack of prompt disclosure will very likely subject Mr. Lay to additional suits, lawyers say.
"Starting immediately, we will only do these transactions for clients that agree to make prompt disclosure," Mr. Weill said.
Conversely, a culture of patient safety demands the full and prompt disclosure of all errors, regardless of the consequences.
Oddly, though the law requires prompt disclosure of insider sales, he neglected to inform the S.E.C. about this transaction until 34 weeks had passed.
A lower level of prompt disclosure from government entities might have been acceptable in the hands-off days before the crisis.
The resource guide explains that the government has been willing to limit enforcement actions provided the parent company gives prompt disclosure of prior acts and cooperates with regulators.
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Who will propose the reforms I mentioned - requiring CEO disclaimers, shareholder decisions, and prompt disclosures?
New state reporting requirements have prompted disclosures by some drillers that water involved in fracking has contained levels of benzene that in some cases were thousands of times above federal and state standards for safe drinking water.
According to an S.E.C. staff paper, the new guidance urges companies to consider, for example, whether any new law or international treaty limiting carbon dioxide emissions might increase operating costs and prompt a disclosure requirement.
Brian P. Hale, a spokesman for Immigration and Customs Enforcement, said in an interview that the newly disclosed records represented the past, and that the agency's new leaders were committed to transparency and greater oversight, including prompt public disclosure and investigation of every death, and more attention to detainee care in a better-managed system.
Doolittle would repeal the limits on what you can give to candidates or to political parties as long as there is full and prompt public disclosure.
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