Posts Tagged ‘SEC’

Oil Investors Better Protected Under New SEC Rules

January 5, 2009

 

oil investors better protected under new SEC rules
As from last week, under new Securities and Exchange Commission (SEC) rules, investors will have much more information on which to base their investment decisions. Business Week ¬†reports that the changes, the first in 25 years, are intended to reflect improvements in the technology used by companies to determine their proven reserves. It also requires that petroleum companies’ assessments of their reserves be independently audited.

For a complete list of the new revisions see the full article here – http://www.businessweek.com/ap/financialnews/D95CJU0O1.htm – but, overall, these changes should provide better protection for the investor in terms of allowing him or her to make informed decisions.

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