As small, inexperienced investors, we are unable to take advantage of the full range of available investment opportunities. In an effort to protect small investors, the 1933 Securities Act enacted rules about which securities must be registered with the SEC and which can be offered privately. Because registration is time-consuming and expensive, companies with smaller needs may prefer to promote their investment opportunity privately, but because there is less oversight, the SEC allows only wealthy and experienced individual investors to participate, along with qualifying organizations.
Continue Reading 4 comments Friday, Mar. 17, 2006
by Chris
