Regulators Straining to Figure Out How to Not Facilitate Frauds and Schemes With JOBS Act Rules

By: Tuesday November 20, 2012 7:45 am

We knew back when the poorly named JOBS Act passed into law that it would provide more opportunities for financial schemers to re-open bucket shops and rip off their clients with investment scams than provide opportunities for employment. And regulators tasked with implementing the law now see the same problems, which has caused delays in [...]

Taibbi Savages JOBS Act as Fraud-Creation Policy Dressed Up As “Financial Innovation”

By: Monday April 9, 2012 1:39 pm

Yale professor Robert Shiller delivered a profoundly odd op-ed this weekend arguing that Occupy Wall Street and promoters of “financial innovation” have the same goal in mind, to “democratize” Wall Street. He picked up from his students some positive chatter about “crowdfunding,” where small investors seed startups with capital over the Internet, and he turned [...]

On JOBS Act, Ask a Con Man

By: Friday April 6, 2012 8:17 am

I’m not suggesting that convicted con men should perpetually give testimony in Congressional hearings. But on something like the JOBS Act, it wouldn’t be such a bad idea. Because they could tell you in a matter of minutes why you wouldn’t want to relax restrictions on capital formation to this degree. Mark L. Morze knows [...]

JOBS Act Passes Cloture, Some Investor Protection Amendments to Get Post-Cloture Vote

By: Wednesday March 21, 2012 1:36 pm

The Senate invoked cloture today on the JOBS Act, the financial deregulation bill that Reid pulled from the floor yesterday after the failure of some amendments that would strengthen the investor protections. The vote was 76-22, with all the no votes coming from Democrats, including (surprisingly) New York’s Kirsten Gillibrand, who must be representing the [...]

JOBS Act Financial Deregulation Bill Could Get Tripped Up by Unrelated Measure

By: Thursday March 15, 2012 12:18 pm

Overlooked in the mockery of the GOP House taking some innocuous-seeming bills about small business capital formation and wrapping them up into a package to call them the JOBS Act is that the underlying bills themselves are really not good at all. It’s an effort to exempt a bunch of companies from reporting requirements and [...]

Occupy Wall Street Inspiring New Ways of Thinking About Protest Movements

By: Wednesday October 19, 2011 3:07 pm

Occupy Wall Street has an ad. It’s a 30-second spot with members of the protest movement explaining their perspective, why they are in Zuccotti Park, simply and clearly. And it’s set to run on national television, thanks to a savvy crowd-funding group: LoudSauce was started founded [sic] by Christie George and Colin Mutchler as a [...]

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