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US Department of Health and Human Services Office for Civil Rights released two companion reports to Congress detailing its actions in 2021 to enforce the privacy security and breach notification requirements under the Health Insurance Portability and Accountability Act.
In order for capital markets to function well, investors need accurate information about securities. If investors do not trust firms’ disclosures, they will discount what they are willing to pay for securities, increasing the cost of capital and thereby making it more difficult, even for honest firms, to fund productive endeavors. Moreover, investment decisions based on inaccurate information distort the efficient allocation of resources in an economy.