“I want to set the record straight about new stock offerings. Nothing was illegal or even unethical about that part of the story. When a private company wants to go public on one of the stock exchanges they issue shares of stock and set a price for each share. This is called an initial public offering (IPO). The shares are distributed to brokerage firms who in turn offer the pre-market shares to their clients. Every company who wishes to go public go thru this same process. For all his sins, stock trading was not one of them.”
ageless tripper via Apple Podcasts ·
United States of America ·
11/12/21