SEC takes interest in trading of shares of Twitter, Facebook and other private companies

The New York Times’ Dealbook says though it’s not clear exactly what they’re worried about, the Securities and Exchange Commission is looking into the growing tide of exchanges set-up to trade shares in private companies that include Facebook, Twitter and LinkedIn. The volume on the exchanges are low, but growing — and several people told Dealbook that the SEC might be curious about how many shareholders the companies hav,e because if the number is more than 500, SEC rules require that they disclose their finances to the public. | MORE: The SEC Investigation Into Private Stock Sales Is All About the Glaring Lack of Disclosure

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