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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Sam Golden who wrote (7108)10/24/1997 7:17:00 AM
From: Tumbleweed  Read Replies (2) of 13949
 
SEC FORCES FIRMS AND FUNDS TO DIVULGE YEAR 2000 COSTS

In what will probably result in a flood of "everything's under
control" announcements, the Securities and Exchange Commission
has ordered companies and mutual funds to provide detailed
information on their year 2000 situation to investors,
according to a report in the Wall Street Journal. The SEC has
said it will begin looking closely at filings and annual
reports for disclosures of significant costs or potential
financial risks associated with the year 2000 problem. The new
rules will require companies to tell investors about both
material risks and general issues concerning Y2K, and those
that don't address the issue will face registration problems
and further scrutiny by the SEC.
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