April 9, 2019 @ 7:49 pm By JD Alois  |  

Are you an informed investor? That’s what the North American Association of Securities Administrators (NASAA) wants to know when it comes to Robo-Advisors. The lobbying group has just posted an investor advisory cautioning individuals about the Fintech sector of Robo-Advisors. NASAA represents state and provincial… Read More

March 12, 2019 @ 9:00 pm By JD Alois  |  

Last week, the North American Securities Administrators Association (NASAA) issued their legislative agenda for the 116th Congress. Buried within their priorities were the Association’s concerns pertaining to emerging Fintech services. Fintech has the capacity to provide better services for both consumers and businesses – typically… Read More

December 18, 2018 @ 11:17 am By Doug Ellenoff  |  

This summer, with little fanfare, the North American Securities Administrators Association (NASAA) announced some interesting and, in our view, directionally enlightened ideas on potential changes to state securities laws as they relate to secondary market trading. If you aren’t familiar with NASAA, it is a… Read More

October 19, 2018 @ 9:01 am By JD Alois  |  

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

May 27, 2018 @ 7:49 am By JD Alois  |  

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

May 22, 2018 @ 10:47 pm By JD Alois  |  

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

May 22, 2018 @ 1:49 pm By JD Alois  |  

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

May 22, 2018 @ 9:58 am By Cali Haan  |  

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

January 4, 2018 @ 12:22 pm By JD Alois  |  

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

August 16, 2017 @ 2:31 pm By Amy Pearl  |  

  “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

August 14, 2017 @ 1:14 pm By JD Alois  |  

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

February 17, 2017 @ 1:48 pm By JD Alois  |  

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

October 30, 2014 @ 10:30 am By JD Alois  |  

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

July 7, 2014 @ 8:11 am By Samuel Guzik  |  

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

April 28, 2014 @ 8:00 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

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

April 8, 2014 @ 7:02 pm By JD Alois  |  

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

April 8, 2014 @ 1:21 pm By JD Alois  |  

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

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

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