This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – February 25, 2012 – March 2, 2012.
Category Archives: Financial Reform News
News Articles Explain Dangers and Flaws of the JOBS Act
Below is a sampling of recent articles that highlight the JOBS Act many flaws and explain why so many different groups and individuals have come out in opposition.
Letters from Critics of the JOBS Act
The following letters have been submitted by organizations in opposition to the bipartisan JOBS Act.
CFA Statement: Spurring Job Growth through Capital Formation While Protecting Investors
Read CFA’s statement on the Senate Banking Committee hearing on the JOBS Act.
Testimony: Frmr SEC Accountant Lynn Turner Criticizes the JOBS Act
Read the letter here.
Letter: NASAA Criticizes the JOBS Act
Read the letter here.
News Article: Extraordinary Delusions and the Madness of Crowd(Funding)
Outpouring of Opposition: In a blog at The Huffington Post (“Extraordinary Delusions and the Madness of Crowd(Funding),” March 6, 2012), CFA Director of Investor Protection Barbara Roper documents the broad opposition to the supposedly non-controversial JOBS Act. She points to letters from investor advocates and
News Article: IPO Skids to Get Greased
Raising Risks: A Wall Street Journal article on a recent Senate Banking Committee hearing (“IPO Skids to Get Greased,” March 6, 2012) quotes U.S. securities regulators, legal experts and others who have raised concerns that the JOBS Act “may expose investors to greater risk” without
News Article: Financial Regulations Gutted in New Bill
Regulations Gutted: A column by Kathleen Pender in the San Francisco Chronicle (“Financial Regulations Gutted in New Bill,” March 11, 2012) asks why Democrats, who supported Dodd-Frank and created the Consumer Financial Protection Bureau, are “solidly backing a bill that would weaken or obliterate many
News Article: Jobs Bill Loosens IPO Regulations
Strong Criticism for IPO On-Ramp: A Wall Street Journal article on House passage of the JOBS Act (“Jobs Bill Loosens IPO Regulations,” March 8, 2012) documents broad opposition to the bill’s so-called IPO On-Ramp. Industry data shows that all but a handful of IPOs would