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Re: BettingAngles post# 72355

Friday, 11/15/2013 9:02:51 AM

Friday, November 15, 2013 9:02:51 AM

Post# of 87950
The more regulations the more companies will file late.

Comment from the SEC:

In the wake of regulations implemented by the Securities and Exchange Commission under the
Sarbanes-Oxley Act of 2002, including increased disclosure in periodic SEC reports ( . ., Section
404 internal control assessment) and accelerated filing deadlines for those reports, as well as
increased scrutiny from regulators, a number of public companies have missed their annual 10-K
or quarterly 10-Q filing deadlines. Add to that the significant expansion of events that now trigger
current reporting with the SEC on Form 8-K and the compressed 8-K filing deadline, and what
was once a relatively rare occurrence for many public companies -- missing an SEC filing deadline
-- has become a reality.