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02-02-2019, 02:06 AM
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Silicon Valley’s plan to build a better stock exchange for the nation’s hottest startups hit a snag earlier this year when a member of the Securities and Exchange Commission opposed it, people familiar with the matter said.
The Long-Term Stock Exchange—a proposed new market backed by venture capitalist Marc Andreessen, LinkedIn co-founder Reid Hoffman and other tech luminaries—was criticized by SEC Commissioner Robert Jackson Jr. He questioned whether the exchange’s model could entrench the power of founders and early investors…
Source link (https://www.wsj.com/articles/silicon-valleys-stock-exchange-hits-a-roadblock-1543320003?mod=rss_Technology)
More (http://ahlam1399.i234.me:8888/m/2019/02/02/silicon-valleys-stock-exchange-plan-snagged-by-opposition-at-sec/)
Silicon Valley’s plan to build a better stock exchange for the nation’s hottest startups hit a snag earlier this year when a member of the Securities and Exchange Commission opposed it, people familiar with the matter said.
The Long-Term Stock Exchange—a proposed new market backed by venture capitalist Marc Andreessen, LinkedIn co-founder Reid Hoffman and other tech luminaries—was criticized by SEC Commissioner Robert Jackson Jr. He questioned whether the exchange’s model could entrench the power of founders and early investors…
Source link (https://www.wsj.com/articles/silicon-valleys-stock-exchange-hits-a-roadblock-1543320003?mod=rss_Technology)
More (http://ahlam1399.i234.me:8888/m/2019/02/02/silicon-valleys-stock-exchange-plan-snagged-by-opposition-at-sec/)