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Anne Tucker

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Anne Tucker teaches and researches contracts, corporations, securities regulations, and investment funds.

Tucker’s research focuses on three areas of business law. The first is on the regulation and administration of funds (both public and private funds) and how pooled investments can achieve significant personal and social ends, such as retirement security and private funding for social entrepreneurship. Second, she focuses on impact investing and contract terms that reinforce impact objectives alongside financial returns. Third, she studies corporate governance, including the role of institutional investors as shareholders. Read More

Next week (September 29th to be exact) an
experimental free-trade zone in Shanghai will open, the first of its kind in
mainland China.  The free trade zone
boasts the possibility for relaxed trade and foreign investment standards.  Just how radical the free trade zone will be
in its implementation is unknown, and will unfold as the operations being.  Allowing telecommunications companies to
compete with state-owned providers, lifting bans on video game sales, liberalizing
interest rates, and enhancing currency convertibility are among the stated
goals of the free trade zone. 
Additionally, a Hong Kong newspaper (note: Hong Kong is itself a free
trade zone) reported yesterday that Facebook, Twitter, the New York Times and
other previously banned websites will be allowed to operate within the free
trade zone.

Enhancing currency convertibility is a broader goal of
China, which has stated its intention for the renminbi to be fully convertible
by 2015.  Currency convertibility may in
turn elevate the renminbi to reserve currency status, where the central banks
of other countries hold the renminbi. 
Reserve currencies—the leader of which is the U.S. dollar and also
includes the Swiss franc, the Japanese yen, the sterling pound and the euro—benefit
the issuing country…

EGCs lead IPOs due to JOBS Act’s relaxed SEC regs, like secret
review filings, exempt exec. compensation and reduced financial disclosures.

For the record as a TWITTER novice, I had to look up the rules pertaining to the 140 character limit and make several attempts to compose a coherent sentence under the limit.  For a more thorough discussion…keep reading.

The latest news on the IPO market is that TWITTER has
announced it has filed with the SEC. 
Last week, Twitter tweeted (a cannibalistic concept in my mind at least),
“We’ve confidentially submitted an S-1
to the SEC for a planned IPO. This Tweet does not constitute an offer of any
securities for sale.”

 The JOBS
Act, passed in April 2012, focused in part on easing access to capital for
“smaller” companies. The JOBS act created a new category of issuer, emerging
growth companies (EGCs), those with revenue
less than $1 billion, and eased the registration regulatory burdens for
IPOs.  (To recap:  “smaller” means less than $1 billion in
revenue.)  The regulatory relief offered
by the JOBS Act allowed for EGCs to (1) submit a confidential draft
registration statement for nonpublic review by the SEC, (2) be exempt from
disclosing…