Section 14(b)

Section 14(b) of the Securities Exchange Act of 1934 requires publicly traded companies to file annual reports with the SEC, known as Form 10-K. These reports provide a comprehensive overview of the company’s financial performance, operations, and management. The goal is to ensure transparency, allowing investors and regulators to make informed decisions by having access to accurate and detailed information about the company’s year-end financial condition and business activities. Essentially, Section 14(b) promotes transparency and accountability for publicly traded companies to protect investors and maintain fair markets.