Even as U.S. regulators are in the process of relaxing the reporting and auditing requirements associated with the Sarbanes-Oxley Act, the chairperson of the London Stock Exchange is leveraging the stiff Sarbox costs to convince more U.S. companies to list on the LSE's Alternative Investments Market, or AIM. Telegraph.co.uk reports that Clara Furse will visit the U.S. next week to recruit new AIM listings.
The move represents a gear shift of sorts for the London exchange, the story says, which has spent the last few years fending off "potential suitors." And though U.S. visits are not uncommon for Clara Furse and her team, it appears this particular recruiting effort is more intense. LSE represntatives will visit companies in California and also make stops in New York and Boston. The LSE's North U.S. business development manager says the goal is to raise AIM's profile with U.S. investors.