CHAPTER 8

Secondary Markets and Regulation A+ Securities

We discuss throughout this book that one of the great potential advantages of Reg A+ securities is the ability to freely trade shares. However, beyond isolated, negotiated trades between brokers or investors, the development of the infrastructure of a real secondary market is still nascent and has a lot of room to grow. In this chapter—to give context and to help you understand the needs of a vibrant secondary market and how new trading options may develop for Reg A+ shares—we discuss the history of the development of exchanges, dynamics of the current stock market and, in particular, those dynamics when investing in “small-cap” companies. We also discuss venture exchanges as an analog ...

Get Regulation A+: How the JOBS Act Creates Opportunities for Entrepreneurs and Investors now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.