Bloomberg Law
June 12, 2017, 3:55 PM UTC

Ex-SEC Commissioner Atkins Blames IPO Dearth on Regulations

Andrew Ramonas

Regulatory costs are a major hindrance to companies going public, former Securities and Exchange Commissioner Paul Atkins said today.

Sarbanes–Oxley Act rules and other regulations are contributing to a downward trend in initial public offerings, the Republican said at an Insured Retirement Institute conference in Washington. The availability of private money and the prospect of class-action lawsuits also are factors, he said.

“We do all of us know that [chief financial officers], investors, and others all take into account the cost of doing business and regulations,” said Atkins, chief executive of Patomak Global Partners LLC. He led President Donald Trump’s ...

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