Intermediaries in Internet Offerings: The Future is Here

13 Pages Posted: 22 Jul 2015 Last revised: 29 Jul 2015

See all articles by Dale A. Oesterle

Dale A. Oesterle

Ohio State University (OSU) - Michael E. Moritz College of Law

Date Written: July 20, 2015

Abstract

Despite an overwhelming demand for the internet sale of stock by small businesses, the United States lags behind the rest of the developed world in authorizing such a market. The losers are the small and emerging market companies that cannot otherwise afford the high costs of raising equity capital in the public trading markets.

The paper is a short history of the reluctance of the Securities and Exchange Commission to approve a workable system of public internet offerings. There is a snap shot of the current internet offering market and a projection of where we will eventually have to go. The article recommends that the current polyglot of historical exemptions, many of which are eighty years old, be scrapped in favor of a new comprehensive package of internet rules.

Keywords: Securities, Internet Offerings, The Future is Here

JEL Classification: K2, K20, K22

Suggested Citation

Oesterle, Dale A., Intermediaries in Internet Offerings: The Future is Here (July 20, 2015). Ohio State Public Law Working Paper No. 299, Available at SSRN: https://ssrn.com/abstract=2633468 or http://dx.doi.org/10.2139/ssrn.2633468

Dale A. Oesterle (Contact Author)

Ohio State University (OSU) - Michael E. Moritz College of Law ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

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