Discussion post:

Any time a business raises capital from investors, a securities offering is involved. When a business owner wants to "harvest" the value of his or her business, the transaction often involves the sale of a security. Or$,$ maybe, the business owner does not want to sell but just create a more liquid market for his or her equity interests in case he or she wants to sell in the future. That often involves the sale of securities to the public and allowance of secondary trading of those securities$.$ Make a primary post or respond to the post of another student regarding how securities regulation may affect a business in which you are currently working or want to start in the future. What parts of this system of raising investment capital and providing liquidity do you still not understand? Or$,$ what puzzles you? Make substantive points or arguments.