Mr Bradley of Kaufman Group on ETF Negatives on Capital Formation.

From www.shareintel.com:

ETF’s and the Dangers to Capital Formation, Transcript of Congressional Testimony by Harold Bradley.

http://www.shareintel.com/pdf/Bradley_Testimony.pdf

Why New Growth Companies Aren’t Going Public and Unrecognized Risks of Future Market Disruptions.

http://www.shareintel.com/pdf/ETF_Study.pdf

From the resources link at www.shareintel.com, for your immediate attention.

I invite your attention to this website.

Best, Bud.