Two of world’s largest technology companies, Facebook and Google, both opted for a dual-class capitalization structure for their respective initial public offerings (IPOs).1 Under this dual-class structure, the public holds Class A common stock with only one vote per share, while an insider’s Class B common stock is entitled to multiple votes per share.2 This…
Author: Katherine O’Koniewski
Bitcoin Regulation
Recently, Mark Wetjen, a commissioner of the Commodity Futures Trading Commission, published an op-ed in The Wall Street Journal calling for the regulation of the digital currency, Bitcoin.1 Citing the need of merchants to hedge exposure to fluctuations in Bitcoin’s value, trading platforms beginning to list Bitcoin derivatives contracts, its financial innovative capabilities, and the…
Feds Increase Scrutiny of Leveraged Loans
The leveraged loan industry has experienced significant growth over the years and reached a record high of $450 billion in 2013.12 As the popularity of these loans increase, so too has the interest in government regulation.3 In March 2013, the Federal Reserve (“Fed”), the Office of the Comptroller of the Currency (“OCC”), and the Federal…