FINDERS SLEEPERS: WHY RECENT STATE REGULATION OF FINANCIAL INTERMEDIARIES SHOULD ROUSE THE FEDERAL GOVERNMENT FROM ITS SLUMBER

America tends to notice only its most glaring deficiencies. Even so, the call for reform only grows louder when such deficiencies personally affect the privileged masses. From the plummeting value of the American dollar to the skyrocketing prices at the pump, the hornbook for American current events is largely comprised of what is impossible to ignore. There is, however, an equally disturbing trend lurking beneath the shadows and despite repeated pleas from the small business community, the federal government has refused to acknowledge and legitimize the increasing role of financial intermediaries in the capitalraising process.

While innovation comes in all shapes and sizes, the need for start-up capital is common to most, if not all, of America’s inventors and entrepreneurs. Small businesses could historically rely on venture capitalists and mid-sized brokers for funding, but these sources of startup capital have recently begun to run dry.

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