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Questioning the 500 Equity Holders Trigger

Harvard Business Law Review Online, March 2011

Arizona Legal Studies Discussion Paper No. 11-14

4 Pages Posted: 28 Mar 2011 Last revised: 6 Apr 2011

William K. Sjostrom Jr.

University of Arizona - James E. Rogers College of Law

Date Written: March 18, 2011

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.

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

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: https://ssrn.com/abstract=1794306

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

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