AUSTIN - Some of the largest issuers for the state of Texas are concerned they could be required to get costly, separate financial audits each year to comply with secondary disclosure requirements by the Securities and Exchange Commission.

Although many issuers have been told their participation in a comprehensive statewide audit could meet the SEC requirements, they intend to seek clarification from the federal agency when they make their comments by July 15 on the proposed disclosure rules.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.