Mar. 15, 2023
March 15, 2023 Against this proposed rule as the proposed rule exempts non-reporting companies from registering certain securities offerings under the Securities Act, if they are exclusively sold to accredited investors. With US securities market so much tilted against the household investors as seen by most of retail trades going to dark pools and after market trades, pile of FTDs and no obligations to deliver, this rule will add to the benefit of bad players to manipulate the securities market.