After one of the worst first quarters in the recent history of UBS, the wealth management group is now experiencing a significant downsize. How significant? UBS now has to cut nearly $300 million in costs for a chance at recovery.

The Jumpstart Our Business Startups Act (“JOBS Act”) was signed into law on April 5, 2012, with the purpose of stimulating capital formation for small businesses by easing regulations and access to capital markets.[1] [2]  The JOBS Act has been said to be the “twenty-first century response”[3] to the Securities Act of 1933 (“Securities Act”) which was enacted 80 years earlier in the midst of the Great Depression.  Proposed after the financial crisis of 2008, the Great Recession, the JOBS Act was one of a number of solutions Congress enacted to spur the economy.