Millionaires only exchange - WTF?

http://www.marketwatch.com/story/se...e-only-for-the-rich-2013-02-01?dist=afterbell

 

An effort at limiting regs to reduce litigation/arbitration cases. If you can afford to play, you can afford to lose. Seems like a reasonable solution in the micro-space.

 

haha. then there will be etfs linked to names on that exchange so retail can pay some more fees.



(but i semi-agree w atticus)

 

This is secondmarkets but more regulated. This is a good thing.

 

same rules regarding accredited investors
not a very high bar

 

Most of iPo and exchange traded securities are traded by large players. If I'm a CEO/board why would I list anywhere else? so long as I can get access to money that's the no 1 criteria- less disclosure is v desirable... If they can raise money in this market for less fees and disclosure what's attracting them to a retail exchange?

 

Sounds like a scam to rip off wealthy, naive investors.