Michelle Capezza, our colleague at Epstein Becker Green, recently posted a useful summary of the JOBS Act, and we recommend it to our readers in the financial services industry. See below for an excerpt and link.
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act, or JOBS Act. In light of the sharp decline in the number of companies entering the U.S. capital markets through IPOs over the last ten years, Congress recognized a need for this legislation since small companies are critical to economic growth and job creation. To promote growth and assist small companies in gaining access to capital, the JOBS Act amends the securities laws in several ways . . .