美国SEC允许上市公司要求通过仲裁解决股东争议
Zheng Quan Shi Bao Wang·2025-09-18 00:14

Core Viewpoint - The SEC has overturned a long-standing policy allowing public companies to prohibit shareholders from initiating class action lawsuits, instead requiring arbitration for dispute resolution [1] Group 1: SEC Policy Change - The SEC's new policy aims to reduce compliance burdens for companies and make public listings more attractive, potentially reviving IPO activity [1] - SEC Chairman Paul Atkins emphasized that the change is intended to promote a more favorable environment for companies considering going public [1] Group 2: Investor Protection Concerns - The policy shift has raised concerns among Democratic lawmakers and investor advocacy groups, who argue it will weaken shareholder rights and undermine the advantages of U.S. capital markets [1] - Critics highlight that the high settlement amounts from class action lawsuits, projected to reach $3.7 billion in 2024, are more effective in compensating investors than SEC enforcement actions [1] Group 3: State Regulations - While Delaware currently prohibits the use of arbitration in federal securities claims, other states with more lenient stances may provide practical space for the SEC's new policy [1]