The Proposed SEC Rules Undermine The Goal Of The JOBS Act
JULY 16, 2013
A number of the provisions have been slow to get written into law and the SEC has missed their deadlines on a bunch of stuff, including the often talked about equity crowdfunding activity. Recently, the SEC weighed in on a number of the things they were required to with much fanfare. Fred Wilson wrote Let The Games Begin in response to the SEC lifting the General Solicitation Ban. “The SEC giveth (as mandated by Congress) and taketh away (by its own mandate).