Is The SEC Exploiting Public Companies For The Benefit Of Private Firms?

Over the past two decades, the number of publicly listed companies has plummeted by nearly half as high profile firms decide to remain private.  There has been a parallel drop in initial public offerings, down nearly 1/3rd, as well as companies listed on major stock exchanges – with US stock exchanges seeing the largest worldwide decline. A study from a Duke University Law School academic shines light on the phenomena and looks for causation in a recently released report titled “The Deregulation of Private Capital and the Decline of the Public Company.”