Every since the Jump-start Our Businesses Start-ups, or JOBS Act, was signed into law this last week, there have been a number of items of interest coming out in the press.
Community Banks and Second Markets Holdings Inc.
The article just released today in the Houston Business Journal entitled, “A stock market for Houston, other community banks?” brought out some great points, but missed the biggest one – this is not a new issue. The federal government enacted laws, and continues to enact laws and taxes, that severely hamper the transfer of shares, restricted or otherwise.
SecondMarkets.com provides a great service – Rhodes Holdings LLC and its parent are members of their service. Recently they were in the news since many Facebook shares were traded over their service, or more properly, in their market. We got involved with their market as they were liquidating many of the mortgage and bond packages caused by the 2007 – 2008 financial melt down.
Now that the JOBS Act will introduce a whole new set of investors to investing in start-ups with a plan and gumption enough to take advantage of the markets / PPM portals that will inevitably pop up, Second Markets stands out as a top end portal.
- Eased IPO laws prompt memories of dot-com bubble (theglobeandmail.com)
- Economic trouble for Obama? (news.salon.com)