Artículo Sec. 408 — ENHANCED REVIEW OF PERIODIC DISCLOSURES BY ISSUERS. Sec. 408 — ENHANCED REVIEW OF PERIODIC DISCLOSURES BY ISSUERS

Sec. 408 — ENHANCED REVIEW OF PERIODIC DISCLOSURES BY ISSUERS SEC. 408. ENHANCED REVIEW OF PERIODIC DISCLOSURES BY ISSUERS. (a) Regular and Systematic Review.--The Commission shall review disclosures made by issuers reporting under section 13(a) of the Securities Exchange Act of 1934 (including reports filed on Form 10-K), and which have a class of securities listed on a national securities exchange or traded on an automated quotation facility of a national securities association, on a regular and systematic basis for the protection of investors. Such review shall include a review of an issuer's financial statement. (b) Review Criteria.--For purposes of scheduling the reviews required by subsection (a), the Commission shall consider, among other factors-- (1) issuers that have issued material restatements of financial results; (2) issuers that experience significant volatility in their stock price as compared to other issuers; (3) issuers with the largest market capitalization; (4) emerging companies with disparities in price to earning ratios; (5) issuers whose operations significantly affect any material sector of the economy; and (6) any other factors that the Commission may consider relevant. (c) Minimum Review Period.--In no event shall an issuer required to file reports under section 13(a) or 15(d) of the Securities Exchange Act of 1934 be reviewed under this section less frequently than once every 3 years.