The Soapbox

Joined: 10/15/1998 Posts: 2185
Likes: 2020

What's this?

Did you mean to post this under the microgression thread on the Corner?

I'm asking if poorly written language is the opening by which opponents can attack the law?

If the law had said, "established by a State or the Fed...", there could be no attack on that provision. Seems like an obvious miss.

I'm not a lawyer but used to be responsible for the "how does it work?" language in private placement docs. My team would flow chart every single permutation and ensure we had language for every one. "Established by the state...can an exchange be established by another entity? If no, we're done. If yes, let's address"

I know this law is complicated but it seems to be.me the drafters botched the easy stuff, leaving the law to be exploited by folks more diligent and competent than the drafters, regardless of motivation for doing so.

(In response to this post by WahooRQ)

Posted: 05/12/2016 at 5:54PM

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