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U.S. SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investors

Published 04/07/2020, 09:12 AM
Updated 04/07/2020, 09:15 AM
© Reuters. FILE PHOTO: Chairman Clayton participates in a U.S Securities and Exchange Commission open meeting to propose changing its definition of an "accredited investor" in Washington

WASHINGTON (Reuters) - Top U.S. Securities and Exchange Commission (SEC) official said on Tuesday said that companies in discussions about bailouts stemming from the fallout of the coronavirus should disclose where they stand to regulators.

"We're in a very different environment. Companies are going to be talking about where they stand ... and their plans going forward is sensitive information. I encourage companies to disclose where they stand and limit speculation. ..as we move forward," Chairman Jay Clayton said in an television interview with CNBC.

Latest comments

this means bailout requests will hit the ceiling soon
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