A note from Daniel

Securities are the subset of the world's traded assets where investors are reliant on a small group of people, usually a management team, to generate a return on their investment. Securities laws are designed to reduce the risks that arise from this dependency by, among other things, applying disclosure obligations to securities issuers, as well as to certain other parties that transact in securities. These disclosures are designed to limit the ability of market participants with privileged information, including the management team, from taking advantage of others with less information.

Daniel Read Write Own, page 173 · March 22, 2024 Save to shelf
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