Capital markets executives at leading investment banks have conflicting views on the recently enacted JOBS Act, according to a new study by accounting and consulting firm BDO USA LLP.
While they see a positive impact on the IPO market in the U.S., they are also concerned that the law may open the door to potential scandals. A narrow majority of 55 percent of investment bankers believe the JOBS Act will be successful in increasing the number of businesses going public on U.S. exchanges. However, that growth will come with one major drawback as an identical majority of 55 percent of capital markets executives believe the new law’s rollback of regulatory requirements for these newly public companies increases the chances of scandals at these businesses.
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