Not All Markets Are Created Equal
The SEC recently concluded its investigation of the emerging market for pre-IPO shares of private companies, resulting in charges being brought against three market participants. I am proud to say that SecondMarket was not among those investigated or charged with wrongdoing. While the press focused on the SEC “cracking down” on the private company market, the investigation actually focused on wrongdoing that has existed in the securities markets for decades: broker-dealers using improper sales practices and charging inappropriate fees, and unregistered middlemen improperly acting as broker-dealers.Source: http://feedproxy.google.com/~r/Techcrunch/~3/iZRlG7O3wrU/
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