In one of his
first acts as a Securities and Exchange Commission commissioner, former McKenna Long & Aldridge partner Luis Aguilar voted in favor of making it easier for U.S. investors to access information about foreign markets and companies.
The SEC voted to adopt a number of rules, including one to expand disclosures that foreign private firms provide to investors, Forbes reported. Another rule change would allow investors to use the Internet to access material documents belonging to a foreign private company.
“U.S. investors will have access to higher quality disclosures,” Aguilar said during an open SEC meeting, according to Forbes. Aguilar joined the SEC on July 31.
The commission voted unanimously in favor of the changes.