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⚖️ How can we establish ATS-level protections for sales of control securities, presuming non-affiliated but profit-motivated buyers?  #22

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@JFWooten4

sticky-note

This extends founding ideas that have moved through internal databases since very early on.1 It goes beyond the existing drafting by asking about a third investor, Charlie, who may later acquire the securities from the purchaser, theoretically in a case where the purchaser knows Charlie but you can't tell why they decide to acquire at acquisition (SH + lie).

I think we can really get this across with flying colors with the addition, and my basis for the change comes from #19 and #20 as blocking prerequisites which establish credibility. We can always try a second time without the repurchaser carve-out if they think it's too far, but I believe in the Admin.

Footnotes

  1. See correspondence with former commissioner in Response 8 exhibit 6, available at https://wooten.link/response-8. Lol but it wasn’t discussed there at all. Also, this closes duplicate cropped image at #21.

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