Manchester United's IPO on The NYSE Raises Doubts Over Jobs Act

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Hira Shahnawaz Akhtar
Published on
Updated on

The US Jobs (Jumpstart Our Business Startups) Act has been under severe criticism, ever since the bill was passed in April. The Act was aimed at encouraging innovation, growth, and jobs, by allowing emerging growth companies to raise direct investment capital from the public. Few startup firms have access to angel investments, which will be provided under Jobs. However, Kurt Schacht believes that the bill is truly an ill-considered piece of election year pandering. Critics think that it has made the US home ground for unhealthy public offerings. It ends longstanding investor protections, reduces market transparency, and lowers accounting and auditing…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.