Has anyone read up enough on this to understand how this compares to the IPO process before Sarbanes-Oxley [1] etc.? The article says that the purchaser must be an accredited investor. Additionally, it says that the "RAISE Act also specifies disclosure requirements for these transactions."
I wonder how close these disclosure requirements are to the disclosure requirements of 15 years ago. Are we basically seeing Sarbanes-Oxley being reverted here?
I wonder how close these disclosure requirements are to the disclosure requirements of 15 years ago. Are we basically seeing Sarbanes-Oxley being reverted here?
[1] https://en.m.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act