Wow, talk about big government… The SEC misses the big one and now they are poking around in PRIVATE transactions!!? How does that work? Where does this end? Is the SEC going investigate when the flower shop on one corner buys the rival on the other corner, or baseball card sales, or art sales, or non-dealer car sales? Is the SEC busy barking up every other tree, to distract the public from a real scam? Hmm, why do these private transactions happen?
Oh that is right… 1) Sarbanes-Oxley effectively made it illegal to come to market unless of course your mission is to rip off the public. 2) Some companies augment compensation in stock and the employee for personal reasons wishes to convert their relatively inconvertible wealth...