"OpenAI and Anthropic are cracking down hard on unauthorized private equity resales—any SPV investments without authorization are now invalid. If you're still daring to trade pre-IPO stocks on exchanges, I suggest you pray for good luck. OpenAI's policy: All equity transfers without written consent are deemed invalid, covering direct sales, SPV (Special Purpose Vehicle) shares, tokenized rights, and forward contracts. Anthropic's policy: Their equity trading policy page explicitly uses the term 'void' instead of 'voidable,' making it clear. Anthropic even called out platforms like Open Door Partners, Unicorns Exchange, Forge Global, and Hiive, stating that shares purchased through these channels carry no shareholder rights. Both companies are currently valued at over $800 billion. Honestly, with valuations like this, if you invest and hold until IPO without selling, you're likely to be stuck for a year or two. These shareholders are eager to offload their shares to you in the secondary market to cash out early and secure their profits. #OpenAI #Anthropic #PreIPO #EquityTrading #SPV #Crypto #Finance