By Denny Gulino
WASHINGTON (MNI) - Three years after its passage as a new streamlined route
for entrepreneurs to raise capital, the rules necessary to make the JOBS Act
work may be finished this year, SEC Chair Mary Jo White told the House Financial
Services Committee Tuesday, though whether it will be by October seemed to still
be in question.
Although some experts have questioned whether the law will do enough to
protect investors as they participate in so-called crowd-funding exercises to
funnel money to fresh untested businesses, a sizable number of congressional
backers have been frustrated that it's taking so long to get started.
One of the several committee members who took the opportunity to express
that frustration was Arizona Republican David Schweikert, one of