The SEC shouldn’t let a company doing an initial public offering restrict possible class-action lawsuits by its shareholders, Commissioner Robert Jackson Jr. told a New York investment conference. Such a move should only follow a rulemaking process through which the SEC gets public comments and studies the costs to investors of forcing disputes into private arbitration hearings, Mr. Jackson said.
via SEC Commissioner Criticizes Idea of Curbing Shareholder Lawsuits – WSJ
