Growth Capitalist (https://growthcapitalist.com/tag/jobs-act/page/9/)
Nearly three years after the enactment of the JOBS Act, and 14 months after the first and only significant rule making action by the Securities and Exchange Commission to implement the Act, the law failed to make even a mention in the agenda of the Commission’s Government-Business Forum on Small Business Capital Formation, the annual meeting of regulators and emerging growth finance professionals held at SEC headquarters in Washington on November 20.
Though SEC Commissioners Daniel M. Gallagher and Kara Stein may have traveled on the same plane on the way to the Los Angeles County Bar Association Annual Securities Regulation Conference they were certainly not on the same page –
With President Obama’s presidency in its final two years, one can expect increased attention at the White House on issues which will bolster his legacy.
While key pieces of the JOBS Act remain in a political snare at the Securities and Exchange Commission, issuers that qualify as “emerging growth companies” have eagerly embraced one of the few provisions that the bureaucracy dispatched: the IPO On-Ramp designed to relax regulations and knock down barriers to financing.
