Tagged: nasaa

March 28, 2014 @ 1:39 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has called upon the Securities and Exchange Commission (SEC) to make substantial revisions to its Regulation A proposed rule.  The NASAA has requested these changes be made “to remove potential harms to issuers and investors, especially those of… Read More

March 16, 2014 @ 2:06 pm By JD Alois  |  

Maine Wants to Promote Growth of Small Businesses by Easing Access to Capital. Maine now becomes the next state that has passed legislation, “An Act to Increase Funding for Startups”,  that allows equity crowdfunding within their state borders.  Maine business may now raise up to… Read More

March 3, 2014 @ 7:20 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

On February 19, 2014, in a missive to the SEC, signed by 18 state securities administrators,  under the letterhead of the North American Securities Administrators Association (“NASAA”), the message was clear: “[we] write to voice our objection to the Commission’s attempt to preempt state authority… Read More

February 23, 2014 @ 8:30 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has posted a comment letter regarding proposed rule amendments regarding Regulation A+ on the Securities and Exchange Commission’s web site.  The NASAA is self described as an investor protection association with their members consisting of securities administrators from… Read More

February 12, 2014 @ 8:13 pm By JD Alois  |  

Rick Fleming Currently at North American Securities Administration Association (NASAA) Slated to Become Investor Advocate this Month. The Securities and Exchange Commission (SEC) has appointed Rick A. Fleming to become the first head of the agency’s Office of the Investor Advocate.  As the Investor Advocate,… Read More

February 7, 2014 @ 10:24 am By David R. Burton  |  

The Securities and Exchange Commission (SEC) is considering substantial increases in the Regulation D thresholds for “accredited investor” income and net worth, which would reduce the pool of potential investors in small businesses and start-up companies by 60 percent to 70 percent. This will impede… Read More

January 22, 2014 @ 1:08 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

December 18, 2013 may well mark an historic turning point in the ability of small business to effectively access capital in the private and public markets under the federal securities regulatory framework.

January 21, 2014 @ 10:10 am By Charles Luzar  |  

We caught wind of a proposed crowdfunding exemption in the State of Alabama in the fall of 2013. As any regular reader of Crowdfund Insider knows, intrastate crowdfunding exemptions are popping up left and right as of late. Just this week we reported on proposed legislation… Read More

December 27, 2013 @ 1:56 pm By JD Alois  |  

According to reports, the hearing scheduled by the Ohio Division of Securities with former SoMoLend CEO Candace Klein has now been postponed until late February 2014.  This is the second postponement for the Cease and Desist notice which was originally filed by the state of… Read More

October 31, 2013 @ 2:09 pm By Charles Luzar  |  

Yesterday the United States Senate Committee on Banking, Housing & Urban Affairs held a hearing entitled “The JOBS Act At A Year And A Half: Assessing Progress And Unmet Opportunities.” It was set to be a particularly interesting hearing because of the panel, which included… Read More

October 30, 2013 @ 4:29 pm By JD Alois  |  

Rick Fleming, Deputy General Counsel for the North American Securities Administrators Association (NASAA) – a group which represents state and provincial securities regulators, presented at the US Senate Committee on Banking, Housing & Urban Affairs today.  The NASAA views their members as the first line… Read More

October 17, 2013 @ 4:01 pm By Charles Luzar  |  

Under the direction of Ohio Division of Securities Commissioner Andrea Seidt, the NASAA has recently released an updated list of their top investor threats for 2013. Among them: “unregulated third party service providers,” a category that would include crowdfunding portals. Seidt explained the reason for… Read More

October 17, 2013 @ 3:47 pm By Charles Luzar  |  

SoMoLend and the Ohio Division of Securities have been on a crash course since a notice of intent to issue a cease and desist was filed back in August of 2013. The hearing, originally scheduled for this week, has been postponed until January according to… Read More

October 10, 2013 @ 3:46 pm By Charles Luzar  |  

Ohio Division of Securities Commissioner Andrea Seidt is now acting President of the North American Securities Administrators Association (NASAA), the “oldest international organization devoted to investor protection.” She was previously Vice President of the NASAA. She replaces A. Heath Abshure of Arkansas as President of… Read More

September 7, 2013 @ 1:10 pm By JD Alois  |  

Retirement Industry Trust Association (RITA) is hosting a  self-directed IRA event for financial advisers and other interested parties on October 21st to 22nd 2013 in Austin.  One of the most important topics on their agenda is an update on crowdfunding and impact this new financial… Read More

June 27, 2013 @ 9:28 am By Charles Luzar  |  

Mark Perlmutter is organizing the 2013 Crowdfunding World Summit, a two week online event that will bring crowdfunding experts from all over the world together for a comprehensive series of interviews discussing the history, current context and future path of crowdfunding. Crowdfunding enthusiasts and interested… Read More

April 3, 2013 @ 11:45 am By Advisor One  |  

As the Securities and Exchange Commission prepares to end the ban on general solicitation of private placement offerings, state regulators issued an alert Tuesday warning investors about the risks in such sales. As it stands now, Rule 506 of Regulation D of the Securities Act of 1933… Read More

March 6, 2013 @ 8:23 am By JD Alois  |  

During a news conference at the National Press Club, the North American Securities Administrators Association (NASAA) President and Arkansas Securities Commissioner Heath Abshure and Steve Irwin, NASAA President-elect and Pennsylvania Banking and Securities Commissioner, also outlined five specific areas in which they will seek Congressional… Read More

January 17, 2013 @ 8:18 pm By WSJ.com  |  

Regulators are scrutinizing about 200 websites set up by entrepreneurs to profit from a more lenient law on the sale of shares in small companies. State securities officials identified the websites after a sweep of thousands of Internet addresses for possible threats to investors following… Read More

January 12, 2013 @ 4:37 pm By JD Alois  |  

File this under recently discovered.  The North American Securities Administrators Association (NASAA) has published a document inquiring; Are You An Informed Investor?  Crowdfunding.  It would appear the NASAA is not a fan of the Jobs Act – at least certain segments of it. Certainly a benign… Read More