By Muskan Arora
The
Securities and Exchange Commission (SEC) may waive any filing deadlines and other
regulatory requirements for investors, owing to the possible effects of
Hurricane Milton.
The
hurricane made landfall in Florida earlier this month, causing damage
of up to $175bn in a worse-case scenario, as stated by a property and casualty
insurance analyst at Jefferies Group.
Moreover,
investors affected by Hurricane Helena, which hit the southeastern U.S. in late
September will also be considered.
The SEC
division which regulates companies, accountants, investment advisers,
mutual funds, brokerage firms, transfer agents, and other regulated entities
and investment professionals will be closely monitoring developments, as stated
in the press release.
“Entities and investment professionals affected by Hurricane
Milton or Hurricane Helene are encouraged to contact SEC staff with questions
and concerns,” as stated in the press release.
Hurricane Beryl was the first Atlantic in 2024 in early July
with the earliest category 5 hurricane on the record. This was an above-average
storm activity in the Atlantic owing to the abnormally high-water temperatures.
Till date, there have been 13 storms reported, including
nine hurricanes.
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