Sorry, but still incorrect. Banks are deregistering under the JOBS Act because they are already fully reporting to a different government regulator and that information is publicly available. The SEC is the secondary regulator for these banks, but by deregistering, it is not changing what information (all of it) is available to investors or the marketplace, which in the case of banks, is more detailed than what the SEC requires. It just eliminates unnecessary duplication, especially because the vast majority of the small banks do not avail themselves of the public market. Many of them never issue any additional shares of stock beyond the initial offering.
The same cannot be said of Pink Sheet Companies who constantly avail themselves of the public markets (selling and issuing stock - LOTS of stock) absent of legitimate disclosure. Like GDSM, who issues hundreds of millions, if not billions, of new shares and floods the marketplace while issuing bogus PR's.
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