![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2013/09/pritchard2.jpg?w=176&h=179&crop=1)
Facebook, the JOBS Act, and Abolishing IPOs
The following comes to us from Adam C. Pritchard, the Frances and George Skestos Professor of Law at the University of Michigan Law School.
A two-tier market system would go a long way toward promoting capital formation and curtailing speculation.…