By Neil Hare
When most of us think about the Securities and Exchange Commission (SEC), we think about a government agency designed to ensure public companies provide investors with accurate information, that employees who have access to “inside information” don’t trade on it, and that investment professionals don’t exploit, misinform or defraud the average investor on Main Street, USA. We certainly don’t think of the SEC as a means for broadly regulating private companies trying to raise capital, especially during a down economy many think is heading into recession.
President Ronald Reagan famously answered his rhetorical question of what are the nine most terrifying words in the
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