SEC Seeks More Details From Companies on Russia-Linked Losses, Risks – WSJ

The SEC, between March 9 and Friday, has sent at least 39 letters to 16 companies asking about the war’s impact, according to research firm Audit Analytics. It also questioned nine funds, including exchange-traded funds and mutual funds. The regulator last year sent a total of 1,140 letters to U.S.-listed companies with questions about their financial reporting, down 19.1% from 2020, Audit Analytics said.

The letters remind companies to consider how current events might affect their results and financial condition, said Jay Knight, a partner at law firm Bass, Berry & Sims PLC and former special counsel for the SEC’s corporate-finance division.

Source: SEC Seeks More Details From Companies on Russia-Linked Losses, Risks – WSJ