US- SEC Function & Principles
From companies to the SEC handed documents,
the SEC is not verifying the documents content.
It would simply be too much for them to verify
every document from the many at a daily base.
Based on mutual trust its generally so handled.
The SEC takes the received documents just to
consider them for the legal deposition purpose
and is only controlling if the right form is used.
Only if there is a serious and obvious problem
with a company, then the SEC would initiate an
investigation and will there apply the verification
of to SEC handed documents and maybe collect
further documents, computers, etc., before not
been handed to the SEC to have more details.
