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Isn't the restriction on investing in IPOs imposed by banks and not the government? You're just not going to get an allocation if you're not a "good customer".
by vostok 10y ago
Isn't the restriction on investing in IPOs imposed by banks and not the government? You're just not going to get an allocation if you're not a "good customer".
- throwaway5752 10y agoYeah, that is 100% the result of the private financial system (investment banks). Remember when Google did the open dutch auction format and what a big deal that was for cutting them out?