SEC considering allowing class action bans in IPO’s

Posted on: March 8th, 2018 by Steve Larson

According to an article in the publication called The Hill, President Trump’s appointee to the SEC suggested that the SEC may consider removing a ban that has been in place for years that has prohibited securities issuers from putting class action bans in their disclosures relating to IPO’s. This would no doubt lead to widespread securities fraud.

Here is a link to the article.