You Can Check In, But….

by | April 5, 2004 | Articles, Globalization

In yet another triumph for the Law of Unintended Consequences, a group
of European companies, led by the Confederation of British Industry,
is calling on the SEC to relax its "de-listing" requirements for US stock
exchanges so that they can do so and escape the tender mercies of Sarbanes-Oxley.

According to this article, about 200 European companies are listed on
the NYSE or the Nasdaq, either directly or through having acquired a
U.S. firm, and as things stand the SEC requires firms to remain registered
with it—even if they de-list from a U.S. exchange—so long
as they have more than 300 U.S. shareholders. 

Now I understand:  We criticize the EU (rightly, IMHO) because
rules making it extremely costly to fire a worker make it unattractive
to hire new ones, leading to chronically high unemployment.  And
now we have created our own wonderful disincentive to listing and registration
here, with its attendant benefits for U.S. investors.

Print Version| Share on LinkedIn

Related Articles

Email Delivery

Get Our Latest Articles Delivered to your inbox +
X

Sign-up for the Insider’s Email

Be the first to learn of Adam Smith, Esq. invitation-only events, surveys, and reports.





X

Get Our Latest Articles Delivered to Your Inbox

Like having coffee with Adam Smith, Esq. in the morning (coffee not included).

Oops, we need this information
Oops, we need this information
Oops, we need this information

Thanks and a hearty virtual handshake from the team at Adam Smith, Esq.; we’re glad you opted to hear from us.

What you can expect from us:

  • an email whenever we publish a new article;
  • respect and affection for our loyal readers. This means we’ll exercise the strictest discretion with your contact info; we will never release it outside our firm under any circumstances, not for love and not for money. And we ourselves will email you about a new article and only about a new article.

Welcome onboard! If you like what you read, tell your friends, and if you don’t, tell us.

PS: You know where to find us so we invite you to make this a two-way conversation; if you have an idea or suggestion for something you’d like us to discuss, drop it in our inbox. No promises that we’ll write about it, but we will faithfully promise to read your thoughts carefully.

close window