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Are there any filings that don't state such risk factors? Seems fairly boilerplate, no?
by xwowsersx 12y ago
Are there any filings that don't state such risk factors? Seems fairly boilerplate, no?
- djyaz1200 12y agoYes boilerplate
- matthewmcg 12y agoYes and no. In theory, the SEC's rules[1] require that the risk factors be things that are unique to the company (i.e. not risks that apply to stock offerings generally). The factors you mention are common among new companies but wouldn't be included for more mature companies. Sometimes these factors are helpful. Sometimes they seem to represent the product of a particularly imaginative lawyer or accountant. RSA once had a risk factor stating that if an efficient means of factoring primes were developed their business might suffer.[2] [1]http://www.law.cornell.edu/cfr/text/17/229.503 http://www.law.cornell.edu/cfr/text/17/229.503 [2]http://www.sec.gov/Archives/edgar/data/932064/000095013502001833/b41874rse10-k.htm http://www.sec.gov/Archives/edgar/data/932064/00009501350200... search "prime"