New US stock market rules unveiled

US - The US stock market regulator has proposed new rules for faster corporate disclosures, in the first reform taken in the wake of the Enron scandal.

The Securities and Exchange Commission (SEC) chairman Harvey Pitt promised reforms after the collapse of Enron led to calls for faster and more comprehensive corporate disclosure to investors.

The rules, if approved, would accelerated reporting of trades in company shares by senior executives and faster filing of quarterly and annual reports.