Emory Corporate Governance and Accountability Review


Harrison Jones


Once fully implemented, Title III of the JOBS Act will allow general solicitation of equity investments from the general public. Anyone with access to a computer will now also have access to registered funding portals where they can request and receive capital contributions. The most optimistic proponents of Title III estimate that it will unleash a new wave of capital into the U.S. investing market to the tune of $300 billion. As currently written, the income-cap regulations for unaccredited investors lack teeth. By failing to create an asset verification process for unaccredited investors, the Securities and Exchange Commission has created a perfect storm of factors, which will allow everyday consumers to overextend their finances on junk-investments.