Dan Primack

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Mary Shapiro's letter on private company stock sales

April 8, 2011: 3:39 PM ET

Earlier today, we discussed a WSJ story that federal regulators may relax certain rules on share issuance by private companies. The article was prompted by a letter from SEC chair Mary Shapiro to Rep. Darryl Issa (R-CA), chairman of the House Committee on Oversight and Government Reform.

We now have a copy of the 26-page document, and are a bit underwhelmed. The SEC clearly is open to changes, but it seems more like Shapiro opened a door rather than signaled that she plans to walk through it. Judge for yourself:

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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