retail access

Who is on this subjectordered by the date of their first quote here

2 of 2 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 10 Sep 2019 — a date, and nothing else. It is not a claim about who reached a view first.

• Bill Gurley 2 thin 10 Sep 2019 – 10 Sep 2019 +0 d
• PA Paul Atkins 2 thin

1. 2019

   1. Bill Gurley

      Gurley explains direct listings guarantee order fills for retail investors while traditional IPOs do not provide such access.

      “If you are in a direct listing, any direct listing, and you are at a Schwab account, a Robinhood account, I don't care what, and you put in an order that's a penny higher than the closing price, you get filled. That is not true in a traditional IPO.”

      10 Sep 2019 · CNBC Television · 5:46 · source · permalink
   2. Bill Gurley

      Gurley contrasts direct listings where any retail investor gets filled versus traditional IPOs where retail gets only 5 percent.

      “That is not true in a traditional IPO. In fact, retail's often held the 5%,”

      10 Sep 2019 · CNBC Television · 5:56 · source · permalink
2. 1. Paul Atkins

      Atkins says market access should not be limited to wealthy insiders.

      “Exposure to the full dynamism of our markets – both public and private – should not be reserved for wealthy insiders.”

      · SEC speeches and statements · 2:14 · source · permalink
   2. Paul Atkins

      Atkins proposes facilitating retail investor participation in private markets with safeguards.

      “Our agenda includes a proposal to better facilitate retail investor participation in private markets while preserving their protection with appropriate safeguards.”

      · SEC speeches and statements · 2:24 · source · permalink