See the press release here. The practical significance of this is that trade in IOUs is subject to standard regulation. Brokers or other intermediaries facilitating trade between buyers and sellers must be registered as exchanges with the SEC. In related news, the three largest banks in California will stop redeeming IOUs tomorrow. Its going to be a nice summer for the Check Cashers. Note that the IOUs pay 3.75% interest, tax free.
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- Pre-sale bidding for Northwestern basketball is now open at nupurplepricing.com #PurplePricing 3 days ago
- RT @mflaming: Sometimes a sweet algorithm is like a revelation. Eg: this infographic on "Purple Pricing" the event ticket market: http://t.… 1 week ago
- RT @DannyEcker: Bidding for the 3 "Purple Priced" Northwestern basketball games opens Dec. 2. Can bid high to guarantee seats: http://t.co/… 1 week ago
- RT @NUHighlights: NU will use purple pricing for Indiana (starting at $125-160), Michigan State ($74-100), and Illinois ($60-90), which sta… 2 weeks ago
- RT @darrenrovell: Northwestern once again using dynamic pricing for basketball tickets. Single game seats for Indiana game start at $125 2 weeks ago