Securities and Exchange Commission: Certain Research and Development Companies
GAO-03-953R July 3, 2003Full Report (PDF, 4 pages) Full Report (HTML)
SummaryGAO reviewed the Securities and Exchange Commission's (SEC) new rule on research and development companies. GAO found (1) the rule allows research and development companies greater flexibility to raise and invest capital; and (2) SEC complied with all applicable requirements in promulgating the rule. |
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