June 29, 2012
The reactions to the Jobs Act need to focus on which provisions are potential traps and which may be beneficial. For example, Crowdfunding is ripe for fraud - and it will be small investors who will take the hit. For Reg D offerings and the modifications to Rule 506, I believe the Act will have real benefits - since it now narrows the investor world to accredited investors only. I ask the SEC to establish the 506 rules expeditiously and that the Crowdfunding rules be tight and not immediately forthcoming.
As for those who as to "vote no", they apparently don't realize that there is no "no" vote to place. The Act is the law and the will of Congress, and the SEC is charged only with implementation and enforcement.