Is this enough evidence that the public stock markets have become so over regulated as to make the costs of being a public company outweigh the benefits?
If not, what would be?
Is there any oversight & regulation in these secondary markets? What's the catch here? If this is allowed, then what's the incentive to go public. My guess is the overhead in these private transactions will be high enough to keep out most individual investors. I wonder if that's a plus or a minus for the VC & equity firms this seems to cater to.
I would imagine only 'accredited investors' are allowed to participate.
In the UK my understanding is that this would be illegal.
The short version is you cannot publicly offer (or advertise) to buy or sell shares - unless the company is listed on a stock exchange.