> With that in mind, I question how a Texas based exchange will be more than a market for lemons. Companies too sketchy for the big exchanges might be interested in listing, but no one worth investing.

This is exactly how it will end up being used for. Companies that are listed as OTC (over the counter) or “pink sheets” are most certainly dog shit; and often subjected to pump and dump schemes. The TXSE will be no different especially with reported “fewer regulations” than NASDAQ or NYSE.

This is great news for grifters. The average retail investor will likely end up getting shafted.