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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 7266 Enhanced review of periodic disclosures by issuers us united_states_code code_section 15 COMMERCE AND TRADE 98 PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY 7266 15 U.S.C. § 7266 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s7266 data/legal/raw/us/code/title-15/usc15.xml 27551bcd370fda020834b9ade576da0e71bd6e98dfc7877c5260676762842b88 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 8c9d99227e0147f7f5d5f776f86877aa1ceccfaf9e68299c755ac672f10e2fd5 2026-07-04 official
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15 U.S.C. § 7266 - Enhanced review of periodic disclosures by issuers

Text

(a) Regular and systematic review The Commission shall review disclosures made by issuers reporting under section 78m(a) of this title (including reports filed on Form 10K), and which have a class of securities listed on a national securities exchange or traded on an automated quotation facility of a national securities association, on a regular and systematic basis for the protection of investors. Such review shall include a review of an issuers financial statement.

(b) Review criteria For purposes of scheduling the reviews required by subsection (a), the Commission shall consider, among other factors—

(1) issuers that have issued material restatements of financial results;

(2) issuers that experience significant volatility in their stock price as compared to other issuers;

(3) issuers with the largest market capitalization;

(4) emerging companies with disparities in price to earning ratios;

(5) issuers whose operations significantly affect any material sector of the economy; and

(6) any other factors that the Commission may consider relevant.

(c) Minimum review period In no event shall an issuer required to file reports under section 78m(a) or 78o(d) of this title be reviewed under this section less frequently than once every 3 years.

(Pub. L. 107204, title IV, § 408, July 30, 2002, 116 Stat. 790.)