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