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June 23, 2020

Better Markets Joins Allies Pressing SEC to Require Pandemic Disclosures

Better Markets joined nearly 100 organizations this month in urging the SEC to institute new disclosure requirements for public companies in an effort to protect investors and workers during the COVID-19 pandemic. 

In a letter to SEC Chair Jay Clayton, the organizations said the agency should “require all public companies to disclose comprehensive information about how they are responding to the pandemic and how it is impacting their businesses.” The organizations provided a list of recommended disclosures, including executive compensation, financial implications and political activity, that would “allow investors and the public to analyze how companies are acting to protect workers, prevent the spread of the virus and responsibly use any federal aid they receive.”

Better Markets believes that investors deserve to know how the companies they fund are preparing to protect their workers, secure supply chains, and continue operations during this pandemic, which is why we joined with 100 public interest groups in urging the SEC to update its disclosure requirements.

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