The JOBS Act: Implications for Broker-Dealers
On March 27, 2012, the House of Representatives passed the Jumpstart Our Business Startups Act (the “JOBS Act”), in the same form passed by the Senate on March 22, 2012. The JOBS Act will now go to President Obama for his signature. If enacted, the JOBS Act will have a significant impact on intermediaries participating in both public and private capital raising efforts. Our March 26, 2012 Client Memorandum explored the broader capital markets changes from the JOBS Act.