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 4:41 pm IST on Tue, 13 Nov 2007         permanent link

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