> I genuinely do not understand US securities law. I just finished watching Econ 252 lectures from Open Yale, and the basic evolution of US securities law is e

> I genuinely do not understand US securities law. I just finished watching Econ 252 lectures from Open Yale, and the basic evolution of US securities law is explained pretty well. I highly recommend it. http://oyc.yale.edu/economics/econ-252-11 http://oyc.yale.edu/economics/econ-252-11 Generally speaking, regulation is a whack-a-mole game. In the 90s tech boom, companies typically went public as soon as possible to raise capital, and thus were subject to more scrutiny early on. Obviously that is not happening now. Perhaps the regulation needs to catch up with the current reality.