Questioning the 500 Equity Holders Trigger

Sjostrom, William K.

Abstract

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Questioning the 500 Equity Holders Trigger

William K. Sjostrom Jr.

University of Arizona - James E. Rogers College of Law

March 18, 2011

Harvard Business Law Review Online, March 2011
Arizona Legal Studies Discussion Paper No. 11-14

Abstract:
The article provides a brief overview of Section 12(g) of the Securities Exchange Act of 1934 and argues that the SEC should adopt a new rule exempting from its application private companies with no active secondary trading in their securities, regardless if they have 500 or more shareholders.

Number of Pages in PDF File: 4

Keywords: Section 12(g), Securities Exchange Act of 1934, Facebook

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Date posted: March 28, 2011 ; Last revised: April 6, 2011

Suggested Citation

Sjostrom, William K., Questioning the 500 Equity Holders Trigger (March 18, 2011). Harvard Business Law Review Online, March 2011; Arizona Legal Studies Discussion Paper No. 11-14. Available at SSRN: http://ssrn.com/abstract=1794306

Contact Information

William K. Sjostrom Jr. (Contact Author)

University of Arizona - James E. Rogers College of Law ( email )

P.O. Box 210176
Tucson, AZ 85721-0176
United States