Wednesday, May 16, 2007

UPDATE 1-U.S. union asks SEC intervention on Blackstone IPO

(Reuters) - The AFL-CIO urged the Securities and Exchange Commission to require that Blackstone register as an investment company and submit to oversight under the same law mutual funds follow.

The labor federation told the SEC in a letter that it believed Blackstone "deliberately structured its public offering ... to hide the fact that the Blackstone Group LP is actually an offering of interests in pools of investment securities."


Read more at Reuters.com Government Filings News

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