The U.S. Securities and Exchange Commission (SEC) Corporate Finance Division issued a statement saying that companies affected by the recent chaos in the crypto market should fulfill their disclosure obligations to provide investors with information about the market and conditions, the company's relevance to these events, and the specific potential impact on investors. Companies with ongoing reporting obligations should consider whether to update their existing disclosures, which may include the company's risk exposure to counterparties and other market participants, risks related to the company's liquidity and financing capabilities, and risks related to legal proceedings, investigations, or regulatory impacts on the crypto asset market. (Planet Daily)
