就期权回溯本身而言，也许并无非法之处，但没有披露或对其做适当的说明，却可能构成欺诈。

Although there may be nothing illegal about backdating per se, failure to disclose it or properly account for it may constitute fraud.

youdao

这些事实将在适当的时候披露。

The facts will be known in due time .

youdao

它可能不会走远后，才披露，当我们的帮助将确保您已通过适当的代表。

It will probably not get far until after disclosure, when our help will ensure that you are properly represented.

youdao

They were making risky investments but they weren't reporting them properly on the SEC forms, so people didn't know how risky Enron was.

从事风险投资,安然并未按照证交会规定适当披露这些消息,所以大众不知安然面临多大风险

耶鲁公开课 - 金融市场课程节选