July 1, 2012
There are great perils with provisions of the JOBS Act which I request them to be revised.
By relinquishing emerging growth companies from independent accounting requirements opens up conflicts of interests with Wall Street analysts. The required IPO documents submitted prior to going public should have the same standards as any company (large or emerging) which in not doing so, as outlined in the JOBS act, permits the opportunity to conceal exorbitant and abusive executive and others pay packages.
All of this compromises the integrity of the greatest financial market system in the world which because of it's scrutiny is awarded with capital in-flow well beyond any other market.
Chad L Forester