Intermediaries in Internet Offerings: The Future is Here
13 Pages Posted: 22 Jul 2015 Last revised: 29 Jul 2015
Date Written: July 20, 2015
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: Suggested Citation