Senate Dems Take SEC's Cue To Push JOBS Act Changes

Law360, New York (March 19, 2012, 8:19 PM EDT) -- Senate Democrats on Monday pushed for changes to a package of bills aimed at making it easier for companies to attract capital, citing concerns among securities regulators that the House-approved measures would risk a return to the boiler room days of old.

The lawmakers said the House's Jumpstart Our Business Startups Act, or JOBS Act, would endanger investors and encourage fraudsters by removing a number of regulatory requirements for small and "emerging growth" companies — a position espoused last week by U.S. Securities and Exchange Commission...
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