Six lawmakers are pushing the SEC to require greater disclosure about the trillions of dollars...

|By:, SA News Editor

Six lawmakers are pushing the SEC to require greater disclosure about the trillions of dollars in debts and financial assets kept off of firms' balance sheets. "When companies use accounting gimmicks to mislead investors and creditors, capital markets malfunction," and many blame off-balance transactions for Lehman's (LEHMQ.PK) failure.