Securities and Exchange Commission Chairman Mary Jo White said a comprehensive review to make corporate disclosures more useful to retail investors is a high priority.

She said the results of the review by the SEC’s Division of Corporation Finance should be released soon.

The chairman indicated there will probably be a difference in proposed disclosure requirements for retail and institutional investors.

“There is a difference between what institutional investors and retail investors can reasonably digest,” White said.

She said she is worried if retail investors get too much detail they might seize on something not very important.

However, she said the object is less to reduce information overload and more to make disclosures more effective and meaningful for investors.

Looking at whether to harmonize regulations between investment advisors and broker-dealers is another high priority for the SEC, White said. But when asked if there would be a proposal this year, she wouldn’t say.

On another issue, White said she is very sensitive to preserving money market mutual funds. She added the SEC is consulting with the Internal Revenue Service on tax and accounting issues, including reporting small gains over time, and considering a requirement for a floating NAV (varying price) for funds aimed at institutional investors.

Her comments came at the U.S. Chamber of Commerce’s annual capital markets summit in Washington, D.C.

During the Q&A with Chamber Center for Capital Markets Competitiveness President and CEO David Hirschmann, White said mutual funds don’t need to be regulated as banks despite risks of runs.