If you were to read the headlines of both industry press and legacy media, you would be forgiven for thinking that the state of Connecticut has just banned private listings.

Except even a cursory read of the actual legislation makes such headlines highly suspect... since the new Connecticut law actually creates safe harbors for private listings along with a state-mandated form (which likely creates protections from lawsuits about breach of fiduciary duty and the like).

Suffice to say the news is mixed. Those claiming victory on either side are engaging in propaganda.

I thought it might be worthwhile to actually look at the law itself, ask some questions, draw what conclusions one could. Of course, I will be interpreting it through my own biases (many of which are in writing and plain) including my past interpretations of the laws in Washington and Wisconsin.

This is going to get long. It's going to be a hard read. I will try to make it as simple as possible, but this law is confusing as hell and well... it is what it is.

None of what follows is legal advice, and I am not your lawyer. Please consult an attorney for actual legal advice. This is edutainment and analysis from an industry perspective.

Let's get into it.