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News
July 18, 2017

Key Securities Regulator “Urges Companies to Pursue Mandatory Arbitration Clauses”

Michael Piwowar, a key U.S. securities regulator, voiced support for possibly allowing companies to include language in their initial public offering paperwork that would require shareholders to resolve claims through arbitration, writes Reuters.

Piwowar’s comments come just a few days after the SEC’s new Chairman Jay Clayton signaled plans to scale back regulatory burdens that may be discouraging or delaying companies from going public. As part of that plan, Clayton invited companies to petition the SEC for exemptions from certain disclosure requirements.

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