Securities Offerings Evolve: Issuers Gain Control Over Disclosure Levels.
The article discusses how federal regulations for securities offerings have become more flexible, allowing companies to choose their own levels of disclosure and liability. Despite this choice, companies often disclose more information than required to meet investor demands. The article suggests that companies should have the freedom to decide how much information to disclose in their offerings, with a minimum level of fraud liability. This approach would focus on market signals and professional advice to guide investors in making informed decisions.