Re:Coinbase releases professional trading platform for insti...
by CryptoPunk on Tuesday May 15, 2018 @04:17PM
(#17077512)
Non-registered securities are those that are issued by any company not worth over something on the order of $100 million, since any company smaller than that cannot afford to get their securities registered.
Anyway, this distinction doesn't change my point: offers of such securities to unaccredited investors are not categorically "scams". This kind of critical reductionism is reckless to individual rights and liberty.
Re:Coinbase releases professional trading platform for insti...
by gamblor956 on Tuesday May 15, 2018 @07:34PM
(#17078801)
Companies can get registered fairly cheaply; a company with almost no assets or value could do it.
The expense comes from meeting the requirements to be registered on a large exchange like NYSE or NASDAQ (both of which are non-governmental entities). This is why small companies that have public stock are traded on "penny" exchanges.
Re:Coinbase releases professional trading platform for insti...
by CryptoPunk on Wednesday May 16, 2018 @01:10AM
(#17080154)
Fair point. There are the OTC exchanges.
In any case, I don't see any mom and pop shops offering their customers stock. There are only 10,000 companies with stock on the OTC market, out of 30 million in the US.
Registered securities (stocks, bonds, mutual funds, etc.) are widely available to non-wealthy people and are probably a better investment for most of them, frankly, because of the concentration of risk inherent in a small dollar portfolio of non-registered securities and the idea that registered securities will have some standardized reporting requirements and that one could rely on the market to do a certain amount of due diligence and price discovery.