Dollars and Jens
Tuesday, August 14, 2007
An exchange for non-public stock
An electronic platform is being launched for the efficient trade of shares in unregistered securities.
Any private firm can list on Nasdaq's new platform, which is called the Portal Market, and raise money by selling stock to an elite group of shareholders. These companies would remain private and not have to make public their financial statements or submit to federal regulation, such as the Sarbanes-Oxley corporate accountability law.

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