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If the U.S. Securities and Exchange Commission eliminated its requirement for public companies to disclose information about their finances, what would you expect to happen

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If the U.S. Securities and Exchange Commission eliminated its requirement for public companies to disclose information about their finances, what would you expect to happen to the stock prices of these companies? You would expect the stock prices to fall. Gathering sufficient information upon which to make an informed decision would become much more costly for investors, reducing the demand for the stock at a given price. You would expect the stock prices to rise: In the absence of omciat information, investors would percelve these companies to be more risky, increasing the demand for the stock at o given price. You would expect the stock prices to be unaffected, as information plays no role in financial markets. You would expect the stock prices to rise, Investors would perceive the stocks in these companies to be less risky, pushing up stock prices

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