Obama's Hedge Fund Free-For-All

After a wait of almost 18 months, the acronym-friendly Jump-start Our Business Start-ups Act (or JOBS Act for short) will go into effect on Monday, September 23. When President Barack Obama originally signed the law in April 2012, most observers took the new law at face value. Supporters insisted that it would undo many of the impediments to initial public offerings (IPOs) that were the direct consequences of the Sarbanes-Oxley Act, originally passed in 2002, and would significantly revamp the w...