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Members of CfIRA are in continuing communication with the White House, SEC, FINRA, and NFA. In this LiveChat the main topics will evolve around the first official CfIRA letter sent to the SEC and address questions related to:
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In the past the SEC has outlawed the activities of corporate finance such as valuation, negotations, and the structuring of the offering as well as the pricing of the securities. In the past you had to be a licensed FINRA Broker/Dealer before you could do it. They call it in the business of "effecting securities tranactions". How do we know for sure that a crowdfunding intermediary will be summarily prohibited from doing these type of activities as well. This has implications they are just as necessary as the match making function.
Why the market is not open for small players ,while big players with sustainable infrastructure and capital continue getting benefits from bank as well as public money through stock listings.
Risk associated with small players is smaller as compared to big players,coz here 100 people share 1 million dollar,while the big ones need 1 million to be risked on them only on a single venture.
I will like to have the small players the opportunity to use public money to grow their business.
Regards,
Kamalendu Singh
Checking in.. Is the live chat live?