Booker, Rubio Warn SEC Over JBS Plans for New York Stock Listing

Meatpacking giant JBS SA’s potential New York Stock Exchange listing would expose investors to environmental and human rights risks that demand SEC scrutiny, according to a bipartisan group of senators including Cory Booker (D-N.J.) and Marco Rubio (R-Fla.).

The Securities and Exchange Commission should “closely examine” the Brazilian company’s initial public offering paperwork for any inaccurate or incomplete information and block the initial public offering if JBS fails to correct any disclosures, the senators said in a Thursday letter to SEC Chair Gary Gensler.

JBS, the world’s largest meat company, has a “long history of misleading investors in its ...