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Podcast: The Bill Walton Show
Episode: “Protecting Investors from an Overreaching Regulatory State” with Chris Iacovella
Description: When Walmart went public in 1970 and soon thereafter listed on the New York Stock Exchange, its SEC disclosure prospectus was 20 pages long. Today, a prospectus requires massive numbers of mostly obscure disclosures imposing very real liabilities for the issuing company - but which no one reads, except for lawyers who charge $2,000 an hour to read it and to write it - and which can run upwards to 300 pages or more. Under President Joe Biden’s whole of government effort to weaponize federal agencies, this regulatory creep has become an outright onslaught of new regulations. Except now...