35 companies delist from US since April
About 35 foreign companies have delisted from the US stock exchange since April, according to regulatory filings
Companies including French group
which sells its products under the Dannon brand in the US, British Airways and
ICI have all pulled out of the US after the huge regulatory burdens piled on
companies in the wake of Enron.
The new figure comes from research conducted by The Daily Mail. The
SEC said last month that it
had established a committee to examine the financial reporting system.
Christopher Cox, SEC chairman, said the system had become ‘unnecessarily complex
for investors, companies and the markets generally.’