The seal of the U.S. Securities and Exchange Commission is seen at their headquarters in Washington, D.C., U.S., May 12, 2021.NEW YORK, Jan 10 - The U.S. Securities and Exchange Commission wants more transparency from large private companies – notably so-called unicorns, or those worth $1 billion or more. Democratic Commissioner Allison Lee reckons such firms offer “, according to CB Insights.
may be that some private firms effectively exceed the 2,000-shareholder threshold that triggers SEC oversight, but the official tally is lower because many holdings aggregated through a single broker count as only one.Yet the SEC already has a huge agenda, including policing IPOs and, more importantly, overhauling public-market investor protections when private firms list by merging with special-purpose acquisition companies .
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