News Category: Press Releases & Statements

Read CFA’s statement on the Senate Banking Committee hearing on the JOBS Act.

Read the letter here.

Read the letter here.

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 unions, testimony by leading securities law experts, and statements by

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 increasing jobs.  Among those testifying at the hearing was University

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 regulations designed to safeguard investors.”  Pender writes that the bill