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Jan 31, 1997

Wall Street's Dragon Teeth

The SEC promotes plain English for prospectuses and proxy statements

Titters bubbled from corporate executives at a recent conference as an attorney ponderously explained the idea of writing in plain English. But with a language handbook forthcoming from the Securities and Exchange Commission, along with rules requiring plain English in the cover sheet, summary and risk factors of a prospectus, the concept of plain English filing is rapidly evolving from amusing oxymoron to a whole new way of thinking. 'We recognize that we're part of the problem,' says Nancy

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