A Market for Illiquid Assets? | AccountingWEB

A Market for Illiquid Assets?

What if there were a market for unregistered private company stock? Barry E. Silbert, a former investment banker who specialized in financial restructurings, is trying to make that a reality with SecondMarket.

SecondMarket matches investors with shareholders to trade shares of private companies for a fee of 2 percent from each side. There are significant questions as to whether such a market can succeed without running afoul of the Securities and Exchange Commission requirements for trading unregistered securities, but it is an intriguing concept.

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by Eva Lang - Eva Lang, aka BV Girl, is a member of the AICPA Business Valuation Hall of Fame. Eva discusses hot topics, practice management concerns, and technology issues that affect business valuation and litigation support practices.

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