Tagged: north american securities administrators association

NASAA Publishes Annual Enforcement Report, Adds Operation Cryptosweep as Focus

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… 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 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

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

David Weild: “NASAA is Doing Incredible Harm to The Economy and They Need to Stand Down” (Video)

David Weild, former Vice Chairman of NASDAQ and current CEO of IssuWorks, made an appearance at the offices of Pepper Hamilton last week to discuss capital formation for small businesses. The event was organized by Dara Albright, a vocal advocate of crowdfunding and a leading… Read More

Open Letter to the SEC: Please Don’t Hang Up on Small Business (And Please Don’t Put Small Business on Hold)

Some of you who read my article on July 1, 2014, entitled “Intrastate Crowdfunding at Risk -Has Intrastate Crowdfunding in Washington State Been Washed Out by NASAA and the SEC?” may have concluded that I was making a mountain out of a mole hill –… Read More

Regulation A+: A Sleeping Giant For Small Business Capital Formation?

Since the 1930’s Regulation A has been unremarkable as a little known and little used “exemption” from the full SEC registration process – intended to allow smaller companies to access public markets through a streamlined SEC registration process – with “reviewed” financial statements and no… Read More

SEC Commissioner Stein Talks Blue Sky, JOBS Act in Speech to NASAA

In a double header day, SEC Commissioner Kara M. Stein also addressed the North American Securities Administrators Association (NASAA) at their 2014 Public Policy conference in Washington, DC. Introduced by NASAA President Andrea Seidt from Ohio, Commissioner Stein dove right in to addressing the pressing… Read More

SEC Commissioner Aguilar Talks Crowdfunding, JOBS Act in Speech to NASAA

In a speech given today to the North American Securities Administrators Association (NASAA) at their annual conference held in Washington, DC, SEC Commissioner Luis A. Aguilar addressed the hot topic of the JOBS Act and some of the exemptions regarding crowdfunding. The NASAA has been… Read More

Maine Approves Equity Crowdfunding

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

NASAA Posts Letter Objecting to Preemption of State Authority

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

Deputy General Counsel of NASAA is Named to Lead SEC’s Investor Advocate Office

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

Don’t Crush the Ability of Entrepreneurs and Small Businesses to Raise Capital

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

NASAA Deputy General Counsel Rick Fleming Testimony for Senate Banking Committee

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

RITA Conference will Discuss Crowdfunding as Important Topic

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

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