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

See all articles by William K. Sjostrom

William K. Sjostrom

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 (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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