June 27, 2012
The Jobs Act is an unfortunate piece of legislation that will ultimately drive average investors out of the market.
The reduction of independent accounting requirements will make investments in small companies more opaque. This will give hedge funds a decided advantage over the average investor. It will make it more difficult to prevent conflict of interest among Wall St. analysts. It will allow companies to mask usurious pay packages.
Crowd funding may be injurious to the average investor who may feel pressured by aggressive marketing. Without adequate financial information, investing becomes little more than legalized gambling.
People investing their retirement funds need to have confidence in the market, and the market needs their investment.
The average investor needs and deserves to have the SEC protect their interests.