AFR in the News: Learning From Facebook
Submitted by admin on May 23, 2012 – 9:42 am
Huffington Post
By Robert Weissman
At the time the bill was under consideration, critics (including Public Citizen) suggested the JOBS Act was basically pro-fraud legislation. “The legislation is premised on the dangerous and discredited notion that the way to create jobs is to weaken regulatory protections,” wrote a public interest coalition headed by the Consumer Federation of America and Americans for Financial Reform. The legislation would ”roll back regulations that are essential to protecting investors from fraud and abuse, promoting the transparency on which well-functioning markets depend, and ensuring the fair and efficient allocation of capital.”