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Mark Cuban points out that the SEC should be issuing clear guidelines instead of vague threats[1]. >Cuban argued the SEC should make clear rules so private com
by paulsutter 11y ago
Mark Cuban points out that the SEC should be issuing clear guidelines instead of vague threats[1].
>Cuban argued the SEC should make clear rules so private companies and investors know where they stand with regulators ... "The one thing that could make the whole thing go backwards instead of forward is uncertainty," he said.
[1] http://www.cnbc.com/2016/04/01/mark-cuban-heres-the-problem-with-regulators.html http://www.cnbc.com/2016/04/01/mark-cuban-heres-the-problem-...
- caseysoftware 11y agoBut "clear guidelines" would mean that some would clearly be within the rules while some would be clearly breaking them. It's a much stronger negotiating position for regulators to use a vague "well, we're not sure..." and leave themselves room to maneuver and potentially punish any of the 'unicorns' at any time.