Business, Management and Accounting
8 years ago

SEC Rule 144A Excludes Small Investors from Lucrative Foreign Securities Market

1 view
Law and policy in international business
The SEC Response to Internationalization and Institutionalization: Rule 144A Merit Regulation of Investors
Lisa K. Bostwick

Paper Summary

The SEC created Rule 144A to make it easier for big institutional investors to buy foreign securities in the US without needing as much oversight. This rule lets these investors buy and sell certain securities without the usual registration requirements. The goal was to attract more foreign investors and let big investors take care of themselves without needing as much protection. However, the study found that the reasons behind these rules might not be so solid.

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