Broker group warns of investor risks posed by U.S. direct share-listing proposal
12 Dec Broker group warns of investor risks posed by U.S. direct share-listing proposal
Posted at 12:00h
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News
by KMFSLLP
The U.S. Securities
and Exchange Commission risks weakening investor protections if
it allows companies to raise money in the public market through
a direct listing without the support of underwriting banks, an
influential broker group said on Friday.
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