Comment by toomuchtodo
10 days ago
SEC Fact Sheet: Public Company Cybersecurity Disclosures; Final Rules - https://www.sec.gov/files/33-11216-fact-sheet.pdf
10 days ago
SEC Fact Sheet: Public Company Cybersecurity Disclosures; Final Rules - https://www.sec.gov/files/33-11216-fact-sheet.pdf
I mean it's true that there's a rule, but at this point in US history I think we have reason to be sceptical that it will be enforced.
The SEC selectively enforcing the rule does not prohibit a shareholder suit against the company. "Everything Everywhere Is Securities Fraud" after all.
Additionally, while not specific to this SEC enforcement action, corporations also have to think long term, just because this administration is not enforcing laws, doesn't mean the next one can't reach back and do so, the laws are still on the books after all.