Questioning the 500 Equity Holders Trigger
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
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