The following are among the organizations and individuals that have raised concerns about anti-investor provisions in the House JOBS Act and companion Senate bills:
Current and Former Securities Regulators
- North American Securities Administrators Association (letter available here)
- Former SEC Chairman Arthur Levitt (quoted here)
- Former SEC Chief Accountant Lynn Turner (Senate testimony available here)
Consumer and Investor Advocates
- AARP (letter of opposition sent 3/7/12)
- Americans for Financial Reform (letters of opposition available here and here)
- Consumer Federation of America (statement for Senate hearing available here, letter of opposition available here, statement on House passage available here)
- Council of Institutional Investors (letter of concern available here)
In addition, 21 consumer, community and labor groups signed on to a group opposition letter available here. They included:
- Chicago Consumer Coalition
- Consumer Action
- Consumer Federation of California
- Consumer Federation of the Southeast
- Empowering and Strengthening Ohio’s People (ESOP)
- Florida Consumer Action Network
- Massachusetts Communities Action Network
- National Association of Consumer Advocates (NACA)
- National Consumers League
- NEDAP
- ProgressOhio
- Public Citizen
- U.S. PIRG
- Virginia Citizens Consumer Council
- Will Will Win, Inc.
Unions
- AFL-CIO (letter of opposition available here)
- AFSCME (signed on to group letter)
- National Education Association (signed on to group letter)
Academics
- Columbia Law School Professor John Coffee (Senate testimony available here)
- Harvard Professor of Business and Law John Coates (Senate testimony available here)
- University of Florida Finance Professor Jay Ritter (Senate testimony available here)
- SAFER: The Economists’ Committee for Stable, Accountable, Fair, and Efficient Financial Reform (signed on to group letter)
Business Community
- Main Street Alliance (signed on to group letter)
- Motley Fool Mutual Fund Manager Bill Mann (commentary available here)
- Renaissance Capital’s K