NEW YORK/WASHINGTON—Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.
Groups including the Securities Industry and Financial Markets Association (SIFMA), the U.S. Chamber of Commerce and Nasdaq along with technology and biotechnology groups, are pushing to reduce the reporting burden for smaller public companies and to relax other rules governing public companies and research analysts.
