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Descending to the pink sheets

Just great for investors: "the higher costs that accompany increased disclosure and stiffened internal controls [under Sarbanes-Oxley] appear to be driving a growing number of companies to simply withdraw from the major exchanges. Some are going private and others 'going dark,' that is, deregistering their stock with the Securities and Exchange Commission. Instead, their shares are listed on the 'Pink Sheets,' an electronic quotation medium for companies not listed on stock exchanges." (New Jersey Law Journal)



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.