kaal:claim:3411110-008

The compliance burden attached to operating an alternative trading system, including fees, consumer protection, examination, and books and records requirements, is typically cost prohibitive for startups.

Source quote, verbatim

ATS compliance costs are typically cost prohibitive for startups.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), II. Overstock Blockchain Securities Offering, p. 9
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

startup firms seeking to operate an ATS
SEC and FINRA compliance regime

Classification

failuresupport: assertedfailure: ATS compliance cost barrierfamily: compliance-cost-and-barrier-to-entrycomplianceeconomicsinnovation

Verify

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