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Comment: SEC proposes rule on guarantor financial disclosures

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Grant Thornton submitted a comment letter to the SEC on its proposed rule, Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. Grant Thornton broadly supports the Commission’s objective in this proposal to provide investors with material information given the specific facts and circumstances, make the disclosures easier to understand, and reduce the costs and burdens to registrants. The letter provides the company’s perspective gained primarily from serving public companies as independent accountants, including interaction with the SEC staff in this capacity. The full letter is available by download.