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With the new SEC cyber disclosure rule, the SEC puts the onus on companies to give investors current, consistent and ?decision-useful? information about how they manage their cyber risks.
What is Disclosure? Disclosure, in financial terms, basically refers to the action of making all relevant information about a business available to the public in a timely manner.
A disclosure statement in such a case might read: ?The author declares that (s)he has no relevant or material financial interests that relate to the research described in this paper?.
In order for investors to be informed on issues that relate to the value of the security and the risks of the investment, securities laws require the company to tell each prospective purchaser all material information about the company.
Disclosure is the process of making facts or information known to the public. Proper disclosure by corporations is the act of making its customers, investors, and any people involved in doing business with the company aware of pertinent information.
An agent of issuer is an individual who represents the issuer in offering or selling the issuer's securities. An agent of issuer must be a natural person (i.e. an individual) and not a corporation or other business entity.