The SEC suspended trading in 12 emerging growth companies’ stocks since late September, exceeding suspensions from the previous four years combined. All 12 suspended companies are Asia-based emerging growth companies that went public on Nasdaq with the critical link: All 12 are emerging growth companies under the JOBS Act. Though the acronym stands for “Jumpstart Our Business Startups,” these aren’t American companies. It is highly doubtful any of them could have gone public on U.S. exchanges without the JOBS Act and the regulatory relief afforded by their EGC status.