It is time for public companies to think about the upcoming 2016 proxy and annual reporting season. Preparation of proxy statements and annual reports requires a major commitment. Companies have to gather a great deal of information to produce the necessary disclosures.
Leon Cooperman, the founder of hedge fund firm Omega Advisors, said the SEC needs to address market structure problems caused by super-fast computers. “The SEC should wake up and understand there is something wrong,” he said.
The appetite for U.S. initial public offerings has all but dried up as investors wait on the sidelines for equity markets to stop flailing. What would have been the three biggest U.S. IPOs of the year faltered as equity investors balked amid recent market volatility.