WASHINGTON, Sept. 19 -- Securities And Exchange Commission has issued a rule called: Acceleration of Effectiveness of Registration Statements of Issuers With Certain Mandatory Arbitration Provisions.
The rule was published in the Federal Register on Sept. 19 by Vanessa A. Countryman, Secretary.
Summary: The Securities and Exchange Commission ("Commission") is issuing this statement to inform the public that the presence of a provision requiring arbitration of investor claims arising under the Federal securities laws will not impact decisions regarding whether to accelerate the effectiveness of a registration statement. Accordingly, when making such decisions, the staff will focus on the adequacy of the registration statement's disclosures...