SEC Now Requires 'Narrative Coherence Audits' for All Stock Tickers; First Company Reports 'Incoherent Brand Story' Causes 30% Drop
The Securities and Exchange Commission announced Monday that starting today, all publicly traded companies must submit narrative coherence audits to maintain ticker listing status. The new regulation requires companies to prove their brand stories maintain at least 78% logical consistency across all corporate communications.
First victim was OmniCorp, whose stock immediately tumbled 30% after an internal memo revealed the company had been using different reasons to justify quarterly layoffs for three consecutive years. CEO Sarah Jenkins was forced to undergo “narrative rehabilitation training” before being allowed to resume shareholder calls.