In February, the Kerner Commission warned of a U.S. moving toward two societies, one black, one white, separate and unequal.

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This article is by Noah Kerner, co-founder and CEO of Noise.

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The subsequent Kerner Report was dismissed as deeply flawed by conservatives who argued that it exonerated rioters for their criminal behaviour and placed the blame on wider society.

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Kerner will work hand in hand with Wedbush's investment bankers.

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"No company has found a way to serve small accounts and scale because overhead for individual search experts is too high, " says Lou Kerner, an analyst at Wedbush Morgan.

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Lou Kerner, 49, speaks in hyperbolic, almost messianic terms about the power of what he calls the "second Internet" and the trillions of dollars of wealth he expects it will create.

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Still, before swallowing Kerner's research consider a couple things.

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Kerner's ambitions rest on his goal to vastly expand the market for trading in privately held shares--from a few well-known names like Facebook, Twitter and Zynga to hundreds of smaller, earlier-stage names.

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Kerner's real title: managing director of the two-month-old private-shares group at Wedbush Securities, a bank that's headquartered in Los Angeles, a few miles from where Milken created and built his junk bond empire.

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Lou Kerner is an analyst for Liquidnet.

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Kerner and his company are unapologetic.

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