July 11, 2020
I think this is a terrible idea. I strongly oppose this. The less transparent markets are the less efficient they can be. Over regulation inhibits natural price discovery. This is worse then excessive over regulation. The amount of capital that a company can access to over the public markets is wildly greater then on the private markets. The reason for this is the public markets are more transparent. Look at China, they will never garnish the same premiums that the US market can produce because they refuse to abide by the same standards of transparency. When you limit transparency, you limit price discovery. PE multiples will fall. Thank you.