Changing Economics & Ipos Bocskor: Secondly, Weve Had Something Happen In The Financial Markets On A Structural Basis Over The Last 20 Years That Has Had Devastating Effects On Capital Formation And Innovation In The United States.

The over-the-counter exchanges present challenges. They’re not taken as seriously as the bigger exchanges, and they also allow for a greater degree of latitude in terms of the quality of the company that will trade on them. As a result, many of the companies (…) that have something medical marijuana to do with cannabis probably shouldnt be there. They got there because entrepreneurs thought it was the only way they could get access to capital; there was somebody that had a publicly traded vehicle that seemed like it would be a good fit. Changing Economics & IPOs Bocskor: Secondly, weve had something happen in the financial markets on a structural basis over the last 20 years that has had devastating effects on capital formation and innovation in the United States. It used to be that companies could come public and raise $5 to $10 million in a small IPO all the time. So, when Intel Corporation INTC, +0.37% first came public they raised $10 million, if I remember correctly. These days, because of the implementation of The Sarbanes-Oxley Act in a wholesale capacity that covers small and large companies both, which is sort an unfair burden on a small company and an easier burden on a large company, the ability for companies to become publicly traded through the traditional mechanism is limited. The Evolution Of Banks Bocskor: As well, a number of business and regulatory issues have converged to create a market where the investment banks that used to exist on a regional basis, creating a national ecosystem no longer exist. The Hambrecht & Quists, the Piper Jaffrays, the Hornblower & Weeks, the Spencer Trasks…

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