Deb Borchardt, TheStreet.com

You know I got so excited about a 200 point rally in the stock market that I forgot all about our coffee cart June. I opponents. You know people need coffee and we're giving away for free we do this every day. And when you hear who puts it between Will Ferrell Farrell -- how will you love him and I do like will -- when you hear will fire. Good for you is I'm on this new health clinic is that a good -- Europe and a health -- -- -- once you're an. Carrots broccoli cucumbers tomatoes red peppers. But you know what. Producer Dave's diet reduces public last one it's the weekend he's 26 -- -- hit -- -- -- it here stay out -- it digest -- it yeah. -- These young kids they don't know how to do it marry like lead. Markets up the right front were absolutely as he is also up 24 NASDAQ up 61 now as you -- 212 points right now oil trading up 394. Gold is up 4970. At 16100. US. US treasury is up slightly at one point six by seven so. -- -- -- That's right they're -- debt or sharp from thestreet.com she wrote about the jobs act I -- -- the jobs act has gotten. A negligible amount of media attention because of health care because in Europe because of taxes because of entitlement programs. But -- covering the story we appreciate your dropping by -- -- and it. And good. -- do us a -- game again yep I must confess many of our listeners may not be aware of what the provisions are contained within the jobs act what was the purpose of this. Well and that -- -- because they expect -- got a lot of attention immediately Akron and -- jump start our partners. And the idea -- that he. Stock market -- Companies -- -- Are -- public. Has started to get hurt and it wasn't doing well at it could. But there are many regulation. In any restriction companies that want it erased capital. -- -- will make it easier but -- That that we have more companies can raise. A little bit easier and bring no. Deal -- investors. Make a little eight era and one other thing -- got a lot of attention crowd began to. Understand. -- one aspect that job back. Why -- it harder for. -- All other -- act which. Spot in regulation be. Called little -- -- -- and they're really. It she arc and stop about opera but it really -- -- Regulations. And pastor. -- they worry and I and I worry about this -- because I you know you talk about -- And there have been a lot of problems of these offerings even though there and it you know given to high net worth investors in the past. They they've loosened up the restrictions on this quite a bit. Right and I looked -- I I am capital I am all about and I I love that about our country. So don't confirming a little bit and it also looking -- congress he would be the only ninety days to write the rules. Round it changes in the world -- -- here -- three aspect that is the only one not to do whatever. We all now. You're ever tell -- -- like. At -- -- and share book amber -- that's why we got rid of -- I think for security. So now to figure out how can. Companies' appetite for investors agent got a paper and they go online to make -- -- -- in the whole new media world. And mapping issue out like about accredited investors up. He invested it didn't make enough money -- it's an acute enough to understand. And it got to figure out of high in the air flight eight people -- up the let me get out. And this all goes into effect a year from now right the next June -- July. These -- They are a lot about the rules written and I like four. We put that that might prevent public funeral. But the rules are all of a candidate gets implemented the following year right. Right now another aspect that well that was that you get out aren't registered people aren't life. People felt -- -- at the top that's dangers. And out. Companies that know no appointment but lever that can live stock. -- that would -- -- fired up by. Where are what you are -- -- an -- you're gonna -- outlet like -- -- Now I don't want you access. -- any -- like only people but it -- an edit it. Our web site that are -- to proliferate. -- -- Out against Alan ward the let. Where he can bring a lot of it your all out. If you get -- -- if you don't have to be registered you're just inviting a lot of crooks to come into the business I mean it's. We will be the industry has enough problems -- securities industry has enough problems. With all the registrations you have to have a -- Getting your series seven license is not an easy step to go through if you just open it up and say -- -- mining you can be in the securities business. -- you know -- you're gonna have unethical behavior. And you outlook about how how many millions of people a lot Nazi -- Pouring it out filing how I got that I think -- yeah. -- -- -- watch. And yet people still got a bad but other than is that a -- -- -- how much money but was making and it was -- -- understand that here. It was all out public that all final. Very heart of fine so you got something bad about that what they watched. Bill as being grew at the last you need to act at all bought it happened here. Did dad did the SEC get an expanded but expanded budget in order to -- due to work on enforcement you know they got -- -- It's certainly and they happened struggling you know or may not being we did get an additional but -- with the Recovery Act. A lot of people are. Where that about the got more money they are like -- payment may opt out Larry given more money I yelled at it would. A demoralized apartment. Not not. Well for people there. And you know what it would work well trained at Smart they left it would go market it more a lot more -- We have our analysts believe our congress to thank for all this right. Not on the -- I am not a huge idiocy. You're. The fact that. They have a whole lot -- -- -- had not -- it it was a limited amount of employees. And bit I. -- like you're giving them -- 98 the year all complicate the outlook. You know even even earning at about -- alcoholic. Put a bigger problem jet dad is this will boil locked in and be a big fraud until a year to after what happened is still on route -- rolled this out. The starters will come out to bear you have all kinds and the height and and everything else going on people get screwed in and it won't be discovered until 20172018. You know. That's right and endure that they're great people are going to get ripped off and and that's an unfortunate thing because they'll think well I. That because that was -- -- in the epic I -- that is. You know what it is that the filing pretty straight deal are -- animal it's almost all -- the -- -- an act. You don't even have to have -- it -- enough to have audited financials I think he's it's it's become below. L -- -- what's really scary all right well thank you very much Deborah appreciate it. Instead were -- from thestreet.com telling. It's what we have to look forward to it is deregulation it this is really irresponsible. Legislation I can tally people are -- yet screwed. In a big -- the only -- can avoid being expert on this is to tune into the financial. And -- will make sure you don't get an -- information every time every -- in America is gonna say -- that this company can invest -- -- you can invest as little -- thousand dollars -- -- overseer 5000 dollars again because they're not -- It's it's in -- -- people -- -- -- all the time -- but to a much lesser degree.