Monday, August 27, 2012
SEC Rethinking Quiet Period Rules
The Wall St. Journal reports that the SEC is reviewing whether to ease the restrictions on pre-IPO communications imposed on issuers and others. This is in response to complaints that retail investors were kept in the dark about developments at Facebook prior to its IPO. WSJ, Regulators Rethink Pre-IPO Chatter. The WSJ also published Mary Schapiro's letter to Rep. Darrell Issa on this subject (Download Secipoletter0826).