4 ms·

Is this a SEC problem or a problem with British regulations? I'm completely clueless on how this works for international stuff.

• walshemj 13y ago
  SEC was my understanding from reading the prospectus.
  • jackgavigan 13y ago
    Offering shares to US citizens would have subjected the Royal Mail IPO to US laws and regulations, and opened the company up to the risk of spurious lawsuits by greedy lawyers or over-zealous regulators and public prosecutors seeking a high-profile scalp so they can get their face in the newspapers and on TV to kickstart their election campaign. After the "British Petroleum" debacle, what sane company would voluntarily expose itself to such risks unless it had to?
    • walshemj 13y ago
      I think that its UK laws that apply to securities on the FTSE 100 same as if I hold ATT or IBM I have to abide by US law - and file a wben 8. Just seems odd that the SEC is fine with people investing in much riskier start ups than blue chips - arnt they supposed to look out for investors as well as companys