Is This Why Bank of the Ozarks Ditched the SEC?
On July 7, the nation's top-performing bank stock over the past two decades, Bank of the Ozarks (NASDAQ: OZRK), stopped submitting regulatory filings to the Securities and Exchange Commission (SEC). If you dig into the bank's history, there are interesting hints as to why it would go to such extreme lengths.
This is permitted by an exception to the securities laws that allows banks to exempt themselves from the duty to report, as I explain here. But it's unusual and troubling because so many investors and analysts go to the SEC for information about publicly traded companies.
The SEC's headquarters in Washington, D.C. Image source: SEC.
Source: Fool.com
Bank of the Ozarks Inc. Stock
€37.29
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