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List the detailed negative effects when regulators mandate too little financial disclosures? Provide a detailed answer referring to stats or cases (400-500 words). Use answers

List the detailed negative effects when regulators mandate too little financial disclosures?

Provide a detailed answer referring to stats or cases (400-500 words). Use answers other than loopholes and scams, low trust due to limited transparency and more financial crime. Outline other valid points. This is challenging but try your best.

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