Ex-Con Man Says JOBS Law Makes Guys Like Him Rich
Though the JOBS Act was packaged as a plan to streamline rules to help small companies crank out jobs, even its cheerleaders have come up with scant evidence the law will boost employment much, if at all. In an election year when pragmatic politicians are laboring to come off as allies of deep-pocketed business donors, the JOBS Act is a slapdash attempt at securities-law deregulation, plain and simple.
Discovering Gems
The new law has 22 pages of gems that include new ways for securities analysts to tout their firmsâ public offerings, and cool opportunities to avoid rules that force companies to supply audited financial statements. In the end, though, the law that Morze tags as having âreal potential for abuseâ boils down to two features that donât bode well for small investors: It lets a lot of companies reveal less about themselves when they sell stock, and, for the first time, it lets companies flog their shares on the Internet.
http://www.bloomberg.com/news/2012-04-04/ex-con-man-says-jobs-law-makes-guys-like-him-rich.html
Though the JOBS Act was packaged as a plan to streamline rules to help small companies crank out jobs, even its cheerleaders have come up with scant evidence the law will boost employment much, if at all. In an election year when pragmatic politicians are laboring to come off as allies of deep-pocketed business donors, the JOBS Act is a slapdash attempt at securities-law deregulation, plain and simple.
Discovering Gems
The new law has 22 pages of gems that include new ways for securities analysts to tout their firmsâ public offerings, and cool opportunities to avoid rules that force companies to supply audited financial statements. In the end, though, the law that Morze tags as having âreal potential for abuseâ boils down to two features that donât bode well for small investors: It lets a lot of companies reveal less about themselves when they sell stock, and, for the first time, it lets companies flog their shares on the Internet.
http://www.bloomberg.com/news/2012-04-04/ex-con-man-says-jobs-law-makes-guys-like-him-rich.html
