SEC Scrutinizes Private Company Disclosure Rules

Law360, New York (April 8, 2011, 7:16 PM EDT) -- The U.S. Securities and Exchange Commission said Wednesday it had started to review rules that could change the landscape for companies looking to raise money through stock offerings while avoiding public disclosures, a technique widely used in the technology sector.

In a Wednesday letter to Rep. Darrell Issa, R-Calif., chair of the House Committee on Oversight and Government Reform, SEC Chairwoman Mary Schapiro said the commission was reviewing rules that would require companies with $10 million or more in assets and at least 500 shareholders to...
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