The problem with being a public investment company is you have to file quarterly reports about all the things you've invested in.

而公共券商的困难在于,你必须按季度向证交会报告,公司所有的投资活动

耶鲁公开课 - 金融市场课程节选

If you're a public company it means that you've gone through the procedures at the SEC to be approved as a public company.

一家上市公司,是通过证交会的审查程序,而被批准为上市公司的

耶鲁公开课 - 金融市场课程节选

Public securities are securities that the SEC will accept as suitable for the general public and private securities are securities that have not been vetted by the SEC for the general public.

公共券商是指那些经证交会审核通过,适于面向大众经营证券买卖的证券公司,而私募券商是指那些未经,证交会审查,面向大众的证券公司

耶鲁公开课 - 金融市场课程节选

If you are a public company, the important thing is you have to do all of the disclosure that Louis Brandeis would have liked; you have to file regular forms with the SEC, disclosing information.

作为一家上市公司,你必须公布所有必要信息,就像是路易斯·布兰代斯曾希望的那样,你必须定期向证交会上交文件,披露公司的信息

耶鲁公开课 - 金融市场课程节选

The one thing that the SEC requires that companies file is their balance sheet, which you can look up for any company on EDGAR.

证交会规定公司要披露的,公司文件之一就是资产负债表,在EDGAR上可查到任一公司的资产负债表

耶鲁公开课 - 金融市场课程节选

F.D. stands for full disclosure -this is a SEC regulation.

.D.是指公司财务信息的完全披露,这是证交会的一项规定

耶鲁公开课 - 金融市场课程节选