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Most of people's issues with the Securities Exchange Commission came from changes in corporate behavior that made people notice they had an issue with the Securities Exchange Commission

the SEC's class dividing rules were ignorable when companies were IPOing at low marketcaps

people don't want to only buy companies after all the growth is seemingly done at 50bn-100bn+ marketcaps, while not having access to private markets or low liquidity in private markets

so they pursue things outside of the SEC's protection



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