Tagged: nasaa

NASAA: “Operation Cryptosweep” Announces 200 ICO Investigations Underway Now

200 active investigations into ICO (initial coin offering) fraud are presently being conducted across North America as part of “Operation Cryptosweep,” the North American Securities Administrators Association (NASAA) announced yesterday. Operation Cryptosweep, an investigative and enforcement action being coordinated by over 40 state and provincial… Read More

Hosho Founder: Regulators Must Crack Down on Cryptocurrency Fraud

Last week, the North American Securities Administrators Association (NASAA) announced Operation Cryptosweep – an attempt to shut the door on scam initial coin offerings (ICOs) that have polluted the digital assets marketplace. The profound abuse and fraud has marred this new sector of finance harming… Read More

CFTC Chair Giancarlo Applauds Operation Cryptosweep. Says “Virtual Currencies and Other Exponential Digital Technologies are Taking Us into a New Era”

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

SEC Chair Jay Clayton Applauds State’s Operation CryptoSweep Action Against Bogus ICOs

Securities and Exchange Commission (SECO Chairman Jay Clayton has issued a comment on Operation Cryptosweep – a coordinated enforcement action launched by state and provincial regulators attacking fraudulent initial coin offerings. Clayton said the North American Securities Administrators Association members (NASAA) play an important role… Read More

Forty North American Regulators Cooperating in ‘Operation Cryptosweep’ Crackdown

Multiple state securities regulators in the US revealed yesterday that they are taking part, along with 40 other North American state and provincial regulators, in a coordinated crackdown on fraudulent cryptocurrency projects. “The actions announced today are just the tip of the iceberg,” stated Joseph… Read More

NASAA Tackles Cryptocurrency Regulation in Policy Roundtable

The North American Securities Administrators Association (NASAA) held a public policy roundtable this week in Washington, DC. One of the big topics of the gathering was “What the Rise of Cryptocurrency Means for Investor Protection.”  NASAA is the group that represents state and provincial regulators. These… Read More

Recent Cease & Desist by Texas Regulators Targeting BitconnectX ICO May Foreshadow More Enforcement Actions

The regulatory drums are getting louder when it comes to initial coin offerings (ICOs). The first shot across the virtual bow was the Securities and Exchange Commission (SEC) Report addressing the DAO and the fact it was an unregistered security. Since last July, there have been… Read More

NASAA Publishes List of Cryptocurrency Concerns & Red Flags for Fraud

The North American Securities Administrators Association (NASAA) has published a list of concerns and red flags regarding cryptocurrency investment offers. NASAA is the lobbying group that represents state and provincial securities regulators. Joseph Borg, the Director of the Alabama Securities Commission and current NASAA President… Read More

How to Move the Outsiders In: What’s Missing in the Movement

  “Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.” -Margaret Mead, Anthropologist This quote is often used to nudge small groups of activists into increased optimism. To remind us that sweeping… Read More

There are Now 34 States Plus the District of Columbia that Have Legalized Intrastate Crowdfunding

The regulatory environment continues to evolve for investment crowdfunding. While many people may have heard of the various federal exemptions that allow non-public companies to sell securities online (Reg D 506c, Reg A+ and Reg CF) most people are probably unaware of the fact that… Read More

NASAA Reports Downward Trend in Enforcement Actions

There were several interesting presentations at the most recent SEC Advisory Committee on Small and Emerging Companies (ACSEC) meeting last month.  One of the reports came from the North American Securities Administrators Association (NASAA) – the group that represents and lobbies on behalf of state… Read More

Have the Wheels Fallen Off of Reg CF Crowdfunding?

Crowdfunding, as allowed under Reg CF (created by Title III of the JOBS Act) was designed to improve access to capital for smaller firms in need of funding while providing new investment opportunities for smaller investors. For too many years the little guy has been… Read More

SEC Acting Chair Michael Piwowar Statement on NASAA Data Sharing Agreement

SEC Acting Chair Michael Piwowar released a statement at the signing of the agreement between the Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today. NASAA is the association that represents and lobbies on behalf of state and provincial securities regulators…. Read More

SEC & NASAA Sign Agreement to Share Data on Intrastate Crowdfunding

The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) have signed an information-sharing agreement regarding new rules to facilitate intrastate crowdfunding offerings and regional offerings take effect. NASAA is the lobbying group that represents state securities regulators. According to the… Read More

Massive Rule 147 Amendments May Be On The Horizon Impacting Intrastate Crowdfunding

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

Brief: NASAA Requests Comments on Use of Electronic Offering Documents & Signatures

The North American Securities Administrators Association (NASAA) has posted a request for comments on a proposed stated of policy regarding usage of electronic documents and electronic signatures. As paper quickly fades into the past, digital documents have become the norm and not the exception.  This… Read More

NASAA Criticizes National Securities Exchange Regulatory Parity Act as Undermining State Authority

The North American Securities Administrator Association (NASAA), the lobbying group for state securities regulators, published a comment last week regarding the passage of the National Securities Exchange Regulatory Parity Act (HR 5421).  NASAA appears ready to battle the legislation, which passed on a voice vote… Read More

State of Washington Will Require Filing & Fee for Reg CF Issuers

The State of Washington has adopted rules requiring companies raising capital under Reg CF to submit notice filings, along with a fee, if the company’s principle place of business is the state of Washington.  The rule also requires a notice filing if over 50% of… Read More

SEC Quietly Injects Life Into Title III Crowdfunding Solicitation!

  When it comes to capital formation for SME’s through federal legislation, one can usually count on the North American Securities Administrators Association (NASAA) to do their best to block or narrow any new paths which Congress or the SEC may seek to create.  The… Read More

NASAA Denied: D.C. Circuit Court Shoots Down State Regulators Attempt to Derail Regulation A+

The United States Court of Appeals, for the District of Columbia Circuit, has shot down an attempt by state regulators to turn back Title IV of the JOBS Act, also called Regulation A+. The action filed against the SEC was brought to bear by the… Read More

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