> Blatantly false. An employee can receive unlimited amounts of stock as compensation. They're simply limited in their ability to expend their own financial res

> Blatantly false. An employee can receive unlimited amounts of stock as compensation. They're simply limited in their ability to expend their own financial resources to acquire stock of non-traded companies. Today, employees negotiate the bulk of their stock only once: when they know the least about the company they work for. Not only that, but the information they have is asymetric with investors, because share classes are not the same which makes for a very convoluted and intrasparent market. Also, the majority of startup employees that quit do not excercise their options to the fullest: but they dont have the ease to sell those options to third parties, because of SEC rules. i.e. someone not able or willing to purchase stock when he leaves a company is most likely going to lose them. All consequence of this restriccion of buying and selling stock. Check out Sharepost for an example of this unmet market that drives down compensation. > Very true. But this isn't one of the harmful regulations. And even if it is harmful, it prevents significantly more and greater harm than it inflicts. What's your math to make this claim. I'm willing to be convinced in a strict utilitarian sense.