Prof. Jayanth R. Varma's Financial Markets Blog

Photograph About
Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

© Prof. Jayanth R. Varma
jrvarma@iima.ac.in

Subscribe to a feed
RSS Feed
Atom Feed
RSS Feed (Comments)

Follow on:
twitter
Facebook
Wordpress

November
Sun Mon Tue Wed Thu Fri Sat
       
13
 
2007
Months
Nov
2006
Months

Powered by Blosxom

Tue, 13 Nov 2007

Quiet Period in US Public Offerings

Earlier this year, I blogged about the problems created by the quiet period during public offerings of shares in the United States. The Lex column on “Quiet Periods” in the Financial Times yesterday raises the same issues and refers to the Blackstone example that I mentioned in my blog posting. Lex concludes by saying that the US Securities and Exchange Commission (SEC) should put the “onus on companies to talk rather than hide”. This is a very elegant way of putting it. Regulations must always impose a duty to disclose rather than a duty to keep quiet.

Posted at 16:41 on Tue, 13 Nov 2007     View/Post Comments (0)     permanent link