Treasurer Oaks opposes SEC proposal to allow for the creation of a new type of company designed to lock up private and public lands Proposal could cause significant harm to rural economies by removing land from productive use SALT LAKE CITY – December 11, 2023 – Utah Treasurer Marlo M. Oaks opposes a proposal under consideration by the Securities and Exchange Commission (SEC) that would allow for the creation and listing of a new type of company called a Natural Asset Company (NAC) on the New York Stock Exchange (NYSE). The proposal poses a significant risk to rural economies by...
