Wall street executives have extensive connections in the political world. They will almost certainly seek new regulatory rules that will protect their profits,

Wall street executives have extensive connections in the political world. They will almost certainly seek new regulatory rules that will protect their profits, for example by mandating a minimum spread between wholesale/retail prices. Of course, they will lobby in the name of protecting ordinary investors, even though only large institutions capable of participating in the pre-IPO process will benefit. Wall street will lobby to adopt European-style rules where multiple-class stock structures are illegal. The FB IPO absolutely could not have happened if Mark Zuckerberg didn’t possess super-voting founder stock.