A Venture Exchange is a market for equity capital with less strict listing and regulatory rules to serve smaller and startup companies. The idea is that a lighter-regulatory touch would encourage more small, start-up companies to use the public markets to raise capital, in part to replace commercial banks who have reduced lending to these companies, in part in response to regulatory capital requirements.

A venture exchange in the US could make opportunities in new and emerging technologies and business models accessible to a larger pool of sustainable investors. The CFA Institute recently undertook a study and published a white paper on the opportunities and challenges such a venture market would face, as well as what such a market would need to offer investors, issuers, broker dealers and other parties in order for such a market to succeed.

As one of the country’s leading innovation hubs – especially in clean technology – Boston is an appropriate venue to examine venture exchanges. Please join us on Wednesday, October 5th as the Boston Security Analysts Society hosts a luncheon conversation on United States Venture Exchange: Has The Time Come?.

Our speakers will be:

• Lead author Matt Orsagh, Director of Capital Markets Policy at the CFA Institute
• Stanley Keller, Of Counsel at Locke Lord, with extensive experience in corporate and securities law and a participant in the working group for the study
• Robert Peterman, Director, Global Business Development – Toronto Stock Exchange, TSX Venture Exchange, and TSX Private Markets

Registration and full bios for our speakers are available here at the BSAS web site. Copies of the white paper will be available at the event.