Jonathan Cohen lost face (and his Merrill position) for his KIS-like stance on Amazon last fall.
Well... I do not know the details, so I can not express an opinion.
Having said that.... I like Wit Capital approach to selling investment through the Internet... (Spring Street Brewery, selling stock through the Internet, and creating an exchange whereby investors in that company could buy/sell the stock). Their Supremo in chief, Andrew Klein, a securities lawyer shook the SEC by doing so)....
I like that.
Andrew D. Klein, vice chairman, founder and chief strategist, has been with us since our inception in April of 1996. Previously, in January 1993 Mr. Klein founded microbrewery Spring Street Brewing Company, which two years later became the first company to complete a public offering over the Internet and, in March 1996, created the first ever Web-based trading mechanism allowing investors to buy and sell Spring Street shares. Prior to starting Spring Street, Mr. Klein practiced corporate and securities law at Cravath, Swaine & Moore for six years. He has a law degree from Harvard Law School.
witcapital.com |
