SEC probing market debuts of Slack and other unicorns.
Under the Lens: The Securities and Exchanges Commission is reportedly probing the first-day listings of work-messaging company Slack and other unicorns on the New York Stock Exchange.
Regulators asked electronic-trading firms (on which these unicorns traded from) for messages such as emails sent just before the stocks opened for trading, as well as its policies for complying with NYSE rules.
It is still unknown who the investigation targets and what type of possible misconduct is being investigated. WSJ
In Other News: Even as Infrastructure Leasing and Financial Services (IL&FS) went down under in September 2018, its erstwhile directors were earning large sums of money as remuneration, the company’s 2018-19 annual report shows. Read more here.
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