SEC’s Proposal May Lure Foreign Companies

Law360, New York (January 23, 2007, 12:00 AM EST) -- As an increasing number of companies choose to list on foreign exchanges, the U.S. Securities and Exchange Commission has searched for a way to stem the flow of capital out of U.S. markets. The solution to this problem may come in the form of an SEC proposal that aims to loosen restrictions on foreign companies listing stock on U.S. exchanges.

Proposed in December, the SEC’s rule change would relax several sections of the Sarbanes-Oxley Act that have often been criticized for being overly taxing on foreign...
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