Three decades after the U.S. Securities and Exchange Commission set up basic barriers to entry for private securities transactions, the agency faces a choice of whether to scrap the old standards in favor of stronger investor protections, or stay closer to the status quo as some in the industry prefer.
“I think what we’re going to see is a vague heavy hand come down and crush the private securities marketplace,” said Fred Bryant, co-founder and chief operating officer of WealthForge Holdings Inc., a broker-dealer that raises capital online for startup companies.
Read the full article from Law 360 here.
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