Reply To: minimal size device for focus fusion to work?

[zapkitty]

dennisp wrote: The bill in question does allow a higher limit when companies supply audited financial statements.

And it wasn’t exactly the small startup companies that crashed the economy and wiped out investors in 2008. The bill makes no changes to regulations of large companies or financial institutions.

If the bills are successful then I would be very happy to invest in LPP, but if anyone thinks that any new securities law will not be abused then they haven’t been paying attention.

As I said: it is good that legalizing alternatives such as crowdfunding is being considered… but that doesn’t change the fact that current securities laws were written to serve a much-needed purpose.

And aside from the rather panglossian cheerleading on startupexemption.com the reasons for the existence of those laws still apply. The securities markets of the 1920’s would be as much of a disaster today as they were in 1929. The current misbehavior of less-than-upright companies that is documented daily in investor forums worldwide can leave no doubt of that.

People lie and in the financial world if something can be misused then it will be misused… and thus regulation.