# Professor Robert Whitelaw on secondary market sales of private stock

1 Faculty News July 6, 2015 ![Inc. logo](/sites/default/files/styles/246w/public/assets/images/con_032187.jpg?itok=TSGPgNt6)>

Excerpt from [Inc.](http://www.inc.com/jeremy-quittner/securities-and-exchange-commission-investigation-of-middleman-second-market-exchanges.html) -- "'There is demand on the buy side and the sell side, and I don’t think there is a problem with that,' [Whitelaw](http://www.stern.nyu.edu/faculty/bio/robert-whitelaw) says. The problem is the lack of transparency in the market for private shares, which the SEC has rightly identified, although it’s perhaps incorrectly using the Dodd-Frank financial regulation reform law to attack the problems, Whitelaw adds."

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