The Securities and Exchange Commission is reviewing the way SunTrust manages its reserves for potential loan losses. What, if anything, do we make of this investigation, especially with SunTrust's reputation for being "conservative"?

First, the SEC attempts to do good by focusing on disclosures and transparency, among other things. Disclosure means making sure investors have enough information to make informed decisions. Transparency has to do with the clarity and quality of that information. Opaque data are not what investors need, nor what the SEC wants disclosed.

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