(Reuters) - The paper, citing a letter sent by AFL-CIO, the 10 million strong labour group, said the union had written to the Securities Exchange Commission arguing that Blackstone's [BG.UL] IPO falls foul of U.S. laws and should be investigated.
The union says that the unique structure chosen by Blackstone's senior executives to raise funds from stock markets while keeping a tight grip on the running of its business is an attempt "to evade the coverage" of the Investment Company Act of 1940.
Read more at Reuters.com Government Filings News
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