Steven explained to the group, some of them reflexively skeptical about newcomers, that if they didn’t do the sale correctly there would be legal consequences. He went over some of the basics with them about the different kinds of exemptions the SEC gave for listing securities, basically, procedures that companies and issuers could follow to raise money lawfully. Charles and Joe seemed well versed in the concepts, Steven thought, but the rest of the guys didn’t understand a word he was saying. They had no reason to. “Can you figure out how to do this?” Charles asked. “Absolutely.” “How?” “I
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