JOBS Act Could Provide Cover for Activist Investors

Barba, Robert
April 2012
American Banker;4/16/2012, Vol. 177 Issue 58, p1
Trade Publication
The article discusses the U.S. Jumpstart Our Business Startups (JOBS) Act, which lets small companies, those with 1,200 or fewer shareholders, deregister from the Securities and Exchange Commission (SEC). The discussion notes that the previous threshold for registering with the SEC was 300, there is a risk in ending public reporting for small banks, and deregistering makes it more difficult for management teams to track investors' activism. The 1968 Williams Act is noted.


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