In a letter released today, the Investment Program Association (IPA) President and CEO Kevin Hogan wrote to President Barack Obama thanking him for his leadership on the JOBS Act. The IPA is the leading voice of the Direct Investment industry, including Non-Listed Real Estate Investment Trusts (NL REITs), Oil and Gas and Equipment Leasing Programs, Managed Futures and Private Equities, also known as Alternative Investments.
"The JOBS Act contains a number of components that we believe will increase investment in the American economy, creating more jobs and furthering our economic recovery," Hogan wrote.
Hogan noted increasing the shareholder threshold for requiring registration with the Securities and Exchange Commission (SEC) from 500 to 2000, and directing the SEC to eliminate the prohibition against general solicitation for certain exemption under Regulation D will be helpful in fueling economic growth and job creation.
"We believe that these important legislative changes will allow more Americans access to direct investment in the U.S. economy, thereby putting more capital to work," Hogan continued.
About the Investment Programs Association
The Investment Program Association (IPA) is a national trade association founded in 1985 to provide the Direct Investment industry (including Non-Listed REITs, BDCs and Oil and Gas and Equipment Leasing Programs) with effective national leadership. The IPA is the leading advocate for the inclusion of Direct Investments in a diversified investment portfolio. IPA's mission is to promote Direct Investments through education.
Contacts:
Investment Programs Association
Dawn Jacobsen, (212) 812-9799 ext.
211
djacobsen@ipa.com