The exceptions are the rule But less vague, “approval” doesnt mean judgement was pased and gatekept, approval means that disclosures are made and investors can

The exceptions are the rule But less vague, “approval” doesnt mean judgement was pased and gatekept, approval means that disclosures are made and investors can make their own decisions with that level of disclosure. And then there are exceptions to that where the SEC gatekeeps and likes that power