Is the SEC protecting its own?

Is the SEC protecting its own?

By Larry MacDonald

The SEC is blocking small business’s access to funding and job creation. …in opposition to the legislative intentions of the JOBS Act, which is to bring more capital into the economy and grow small businesses that create jobs. The SEC, a bit of an old-school relic, appears to be attempting to water down the JOBS Act’s potential for job creation by monkeying with the definitions of accredited investors. Before the Internet, this may have made some sense, but no longer.