A Market Free of Regulation
The Portal Market--the dawn of a new investment vehicle for billionaires. And not a moment too soon.
What a great idea! Now the big-hitters can sell junk investments to each other and leave you and me alone. Or is it the other way? They’ll keep all the smooth sailing to themselves and turn you and me loose to navigate the stormy seas of regulated commerce.
The Portal Market--the dawn of a new investment vehicle for billionaires. And not a moment too soon.
What a great idea! Now the big-hitters can sell junk investments to each other and leave you and me alone. Or is it the other way? They’ll keep all the smooth sailing to themselves and turn you and me loose to navigate the stormy seas of regulated commerce.
(David Cho, Washington Post Staff Writer) Nasdaq is set to launch tomorrow (Aug 15th) what its executives are calling one of the most significant developments on Wall Street in decades -- a private stock market for super-wealthy investors.
Minimum requirement for traders: $100 million …