This Tech IPO Is the Latest to Limit Rights of Small Investors

Super voting rights are a concern. When data center operator Switch goes public on Friday it will be the latest tech firm using special shares to limit the rights of minority investors, making it ineligible for inclusion in the S&P 500 under new rules meant to deter such practices. The Las Vegas company, run by […] Read more »

Hack of U.S. securities regulator rattles investors, stirs doubts

WASHINGTON/NEW YORK (Reuters) – Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the Securities and Exchange Commission (SEC) struck at the heart of the U.S. financial system. The […] Read more »