"The smart thing to do is to focus attention on the controls around financial reporting and disclosures," he says.

“明智之举是集中精力放在财务报告的控制上，”他说。

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Section 409 of their eponymous act, which is supposed to protect investors by making corporate disclosures more accurate and reliable, requires that reporting companies promptly disclose any material changes (say, the resignation of a top manager or the loss of an important customer) that might hamper their ability to deliver products or pay their bills.

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Disclosures: While trying to work out the ethics of backing Kickstarter campaigns one is also reporting on, the author has not contributed to any of these campaigns.

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