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.
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.
The following letters have been submitted by organizations in opposition to the bipartisan JOBS Act.
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
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
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
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
Imaginary Problems: In a letter to shareholders (“Imaginary Problems: Who Really Benefits from Lower Regulatory Burdens?” February 2, 2012), Motley Fool mutual fund manager Bill Mann thoroughly debunks the premise behind a central plank of the JOBS Act, that American companies are finding it difficult