June 27, 2012
I am very concerned about the JOBS Act. Weakening government oversight for IPO's is a horrible idea. There will be a very short term uptick of investment, then like the internet bubble and the mortgage bubble, it will come crashing down. If it's easier to commit fraud, people will.
Crowdfunding should have a cap of maybe $100,000 dollars to jumpstart new ideas, but not be able to suck many, many investors in.
Strong and smart regulation is the key to capital formation, not lax rules. Please change or kill the JOBS Act.
Lee Uniacke