June 27, 2012
Please act to increase SEC oversight and investor transparency into JOBS-related IPOs. The US capital market is the best market for investors because of the high level of accountability. China's economy is booming but I won't invest there because the potential for accounting fraud, malfeasance, and management theft is just too high. But such problems are relatively rare in the US capital market. The provisions of JOBS negate the advantages that we have and for very little tangible benefit.