SEC Examines Rules on Raising Private Capital; Zynga Attorney Part of Advisory Panel
(Reuters) - The top U.S. securities regulator has formed an advisory panel of fast-growing companies and venture capital funds as it reviews whether it needs to update rules on how private companies can access public investors. The U.S. Securities and Exchange Commission has said it is examining its share issuance rules for private companies to see if they are still relevant in light of market developments. The issue jumped into the spotlight recently as Wall Street banks and electronic markets offer investors a chance to buy and actively trade stakes in hot Internet companies such as Facebook and Twitter before they go public. Lawmakers have also raised concerns about whether the U.S. Securities and Exchange Commission's restrictions on capital raising by private companies hurt innovation and ...
