Securities


To help airlines and insurers quickly raise essential capital in the wake of the September 11 terrorist attacks, the SEC simplifies its securities registration process and sets up special telephone (202-942-2816) and e-mail ( cfhotline@sec.gov ) response systems to answer registrants’ financing and disclosure questions. ( www.sec.gov/news/press/2001-107.txt )

The SEC asks securities brokers and dealers, investment advisers, mutual fund companies and transfer agents to voluntarily provide any information they have on the growing list of individuals and organizations the FBI is investigating in relation to the Pentagon and World Trade Center attacks. ( www.sec.gov/news/press/2001-103.txt )

The SEC proposes amendments to regulation S-T, which governs the commission’s electronic data gathering, analysis and retrieval (EDGAR) system. The changes would require foreign private issuers and foreign governments to submit their securities filings through EDGAR. According to the SEC, this would increase efficiency and give the public easier access to information on foreign registrants, who currently are permitted, but not required, to file electronically. Comments are due to the SEC by December 3. ( www.sec.gov/rules/proposed.shtml )

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.