December 14, 2014
The Jobs Act was passed almost 3 years ago. The SEC has done NOTHING in promulgating rules pursuant to the Act.
So, they allow you to advertise, the redefine the population of "accredited" investors in a dramatic move downward.
So, What has happened? The Govt gives with one hand and takes away with the other.
It's very simple: Go to Otcmarkets.com, click on stocks via number of trades
tell me how many small American Companies you find: THERE ARE A HANDFUL
But, this is what happens when a Prosecuor runs a Regulator
You are witnessing the criminilization of Capitalism and the "Act" of selling a security you have held for the proscribed period necessary under the 33 Act (specifically Section 5 and 5a and 5c thereunder) is being redefined as violative simply beacause the person(s) on the other side of your trade may lose
UNTIL A CULTURAL CHANGE OCCURS AMONGST AND WITHIN THE COMMISSIONER AND THE STAFF NOTHING WILL HAPPEN
THESE ARE CONGRESSIONALLY MANDATED MEETINGS, THEY'RE SIMPLY BLOWING SMOKE
BETTER YARDSTICK: SUBSCRIBE TO THE EFFECTIVE NOTICES FEED FROM THE SEC: THEY HAVE DWINDLED TO A HANDFUL OF REGISTRANTS
IF ONLY MICHAEL PAWOWAR (SIC) WAS COMMISSIONER