The secondary markets where shareholders of hot private companies
like Facebook and Twitter can sell their shares could be facing greater
government scrutiny, according to multiple news reports.
The New York Times published a story last night stating that the Securities and Exchange Commission “has sent information requests to several participants in the buying and selling of stock” in Facebook, Twitter, LinkedIn, and Zynga. The story didn’t have many details about the investigation, and, oddly, SecondMarket, the leading marketplace for these types of shares, said today that it has not been contacted by the SEC.
To read the full, original article click on this link: SEC looking at secondary markets for Facebook and others | VentureBeat
Author: Anthony Ha
