3 ms·
Well, okay, he can do lots of illegal stuff that's going to get punished in the courts. There's no way something like that would survive SEC scrutiny, I don't
by laughing_man 3mo ago
Well, okay, he can do lots of illegal stuff that's going to get punished in the courts. There's no way something like that would survive SEC scrutiny, I don't care what state you're in.
- kasey_junk 3mo agoA) it’s not the SEC’s jurisdiction. It’s the state of incorporation that covers shareholder rights. B) we literally don’t know if it’s illegal or not yet. The reason investors like Delaware is that there is tons of decided case law and courts that are expert and fast at deciding these issues so you’d get quick predictable answers. But those answers have lots of rights to minority shareholders which the modern dictator founders hated. So Texas made a play for them with the specific pitch that they will give much less support of minority shareholders.
- dgellow 3mo agoThe SEC his buddy trump gutted?
- laughing_man 3mo agoOr not.