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U.S. regulators looking at shareholder anonymity

Posted on November 4, 2009 by pogowasright.org

Emily Chasan reports:

The U.S. Securities and Exchange Commission is exploring reforms that could provide companies with more information about the identity of their shareholders, a top agency official said on Wednesday.

Companies usually have little information about stockholders due to long-standing practices about shareholder anonymity, and many would like better ways to contact them.

Brett Breheny, deputy director of legal and regulatory policy in the SEC’s Division of Corporation Finance, said on Wednesday that the SEC has been discussing changes.

Read more on Reuters.

Category: BusinessU.S.

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