Montag, 15. April 2013

SEC Is Dragging Its Feed On JOBS Act

(Reuters) – Republican members of the House of Representatives criticized top officials at the Securities and Exchange Commission on Thursday for missing congressionally mandated deadlines to complete new rules designed to help small businesses raise capital. 

In a hearing that at times grew tense, several Republicans on a House small-business panel vented their frustrations after they did not get clarity from the SEC on when the rules would be completed. 

"The SEC expects reporting companies as their regulator to respect their deadlines. Congress is your regulator. Is it fair for us to expect you to respect our deadlines?" asked Michigan Representative Kerry Bentivolio. View Full Story