Make Sure to Vote!!!

If you are a US citizen, you must be living under a rock if you don’t know that this Tuesday we are electing a new President. Either way a historic event - either the first African American President or the first female Vice President. Both pretty exciting if one considers where we were even 30-40 years ago.

Sen. Obama thinks everyone should have the day off to vote. Luckily in NY we vote from 7 am until 9 pm. So in my office everyone will have lots of opportunity to vote without our needing to be unavailable to our clients.

But vote we must. The voting process in our country is flawed, subject to fraud and skewed by the Electoral College, which gives 100% of a state’s “vote” based on which candidate gets even one more vote than the other. The system will never change because smaller states get more power, and would never vote to amend our Constitution to change it. Within one close state individual votes can matter, as we found in the 2000 election in Florida. But this is very rare indeed.

But vote we must. A democracy only works if the people for whom it exists exercise the rights they have. What does this have to do with the smallcap markets and reverse mergers? Quite a bit actually. The US Securities and Exchange Commission regulates these markets and with a few pen strokes can significantly improve or impede these markets. The Commission is led typically by a representative of the current President. And of course the economic and fiscal policies of each Administration impact on small businesses both public and not. So make sure when you vote, if you are playing in this world, that you consider the possible effects on your dealmaking and regulatory environment.

But vote you must.

Leave a comment