Reply To: minimal size device for focus fusion to work?
The Focus Fusion Society › Forums › Financing Fusion › Bill in House could allow small investors to contribute to FF › Reply To: minimal size device for focus fusion to work?
zapkittydelt0r wrote: Wow, just Wow. In the land of the free you can’t invest your money on what you want? That is really freaky.
Normally, a company that wants to sell any securities whatsoever must adhere to strict registration and reporting requirements enforced by the SEC.
It’s a safety reform from the Great Depression of the 1930’s. Care to guess what the crash of 2008 would have been like without it? I’m sure Randites will spin a glorious tale of the triumph of th unfettered free market… they’re good at that 🙂
Anyways, a company that wants to avoid full registration and reporting can do so under certain exemptions specified in the laws.
One way to avoid those requirements is for a company to decide to limit the amount of what is sold and limit whom it can be sold to.
It is natural for a company such as LPP to seek such an exemption at this stage of its existence… but in return for not registering they must show that they aren’t trying to scam mom and pop out of their savings.
The “accredited investor” provision is part of such exemptions to the law.
It is good that crowd-sourcing is being considered but the current law and its exemptions serve as needed regulation.