HomeLife InsuranceUnicorns Might Be Dragged Into Public Markets: SEC Roundup

Unicorns Might Be Dragged Into Public Markets: SEC Roundup


Welcome to SEC Roundup, a bimonthly video sequence by way of former Securities and Change Fee senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy staff Investor Selection Advocates Community.

A dealer who holds stocks in a personal corporate on behalf of shoppers, or a fund that invests in a single, counts as just one shareholder within the corporate.

The SEC is thinking about a rule that might glance via agents and finances in order that every consumer or investor would rely as a shareholder.

John Gulliver, government director of the Committee on Capital Markets Legislation, talks with Morgan and Zaccaro about why this may imply many personal firms would exceed the utmost of two,000 shareholders for a personal corporate and need to sign in as a public corporate.

Such an modification to the definition of “held of document” for functions of Segment 12(g) of the Securities Change Act would have massive implications for personal firms and the finances and agents that put money into the ones personal firms.

See the video above for the dialogue with Gulliver.

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