Does California Really Limit Sellers To Not More Than 10 Sales In A 12 Month Period?

The Mentor Blog this week noted the publication of a recent study of Blue Sky exemptions covering private resales.  The study was prepared by SecondMarket, which describes itself as an “online marketplace for illiquid assets”.  The study was submitted to the North American Securities Administrators Association (NASAA) in support of SecondMarket’s push for adoption of a nationwide uniform exemption for