“Unicorn” companies may lose their safe harbor protections

Eve Tan  | 

America’s safe harbor could be closing for “unicorn” companies, which currently aren’t required to provide investors with audited financial statements.

Driving the news: SEC Commissioner Caroline Crenshaw, a Democrat nominated by former President Trump, said in a speech that regulators haven’t kept up with the private markets’ dizzying growth.

Related Articles

<!-- This site is converting visitors into subscribers and customers with OptinMonster - https://optinmonster.com :: Campaign Title: Homepage B Test --> <script>(function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,346712,'seqgcrhvv3wf6hwkrvhv');</script> <!-- / OptinMonster --><!-- This site is converting visitors into subscribers and customers with OptinMonster - https://optinmonster.com :: Campaign Title: Homepage A/B Test --> <script>(function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,346712,'o9nmslfekbycrqdtbcts');</script> <!-- / OptinMonster -->