Thomas Conaghan wrote this bylined article to suggest that the financial markets are using SEC disclosure requirements as a “scapegoat” for the drop in IPOs. “From securities offering reform, to the JOBS Act, to the more recent FAST Act, the rules relating to conducting initial public offerings have been dramatically liberalized since the ‘old days,’” Mr. Conaghan wrote, which he said indicates that “existing IPO disclosure regulations do not need to be relaxed.”