SEC's Mary Jo White Draws Laughs While Addressing Tech Unicorns, Troubling Valuations

Sky-high tech start-up valuations and investing in tech unicorns are apparently on the mind of the U.S. Securities and Exchange Commission. Speaking at Stanford Law School near Palo Alto, CA, SEC Commissioner talked risk management and issued a strident warning about often inconsistent valuation methods “that  may be ethereal or overinflated.”

Tech unicorns a concern of SEC, as deceptive financial information hurts all, Mary Jo White tells Stanford Law students

With SEC Enforcement Division Director Andrew Ceresney in tow, White expressed concern regarding proper investor disclosure. Even sophisticated investors, attracted by potentially higher yielding but riskier investments in tech start...