Harvard Business Law Review Online, March 2011
4 Pages Posted: 28 Mar 2011 Last revised: 6 Apr 2011
Date Written: March 18, 2011
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: 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