{"id":5479,"date":"2013-05-28T00:00:00","date_gmt":"2013-05-28T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/05\/nasaa_president_pushes_for_sta_1"},"modified":"2022-05-04T14:21:49","modified_gmt":"2022-05-04T19:21:49","slug":"nasaa-president-pushes-for-sta-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nasaa-president-pushes-for-sta-1\/","title":{"rendered":"NASAA President Pushes for State Regulation of \u201cReg A Plus\u201d and for Private Lawsuits Over Small Offerings"},"content":{"rendered":"\n<p>State Securities Regulators and others are battling over how the US Securities and Exchange Commission should create a $50 million offering cap for exempt offerings under regulation A. The Jumpstart Our Business Startups Act had ordered the SEC to establish the new exemption but gave no deadline. Referred to by SEC staff as \u201cReg A Plus,\u201d the agency\u2019s Division of Corporation Finance rulemaking team has been working on the measure. <\/p>\n<p>In a letter, the North American Securities Administrators Association urged the regulator to refuse to succumb to some commenters\u2019 requests that state securities regulators not be included when it comes to the new exempt offerings. NASAA believes that state regulator oversight is key to making sure that these offerings are part of a successful public marketplace.<\/p>\n<p> The letter, written by NASAA President A. Health Abshure, was in response to comments calling on the Commission to define what is a \u201cqualified purchaser\u201d under the 1933 Securities Act so that new offerings (or at least part of them) would be exempt from state blue sky registration. Abshure believes that limited state oversight for the new exemption would make it easier for scammers to use this exemption. He also says that making the securities freely tradable could increase the chances of financial fraud and abuse, which is why state regulation is so important.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/nasaa-president-pushes-for-sta-1\/\"  title=\"Continue Reading NASAA President Pushes for State Regulation of \u201cReg A Plus\u201d and for Private Lawsuits Over Small Offerings\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State Securities Regulators and others are battling over how the US Securities and Exchange Commission should create a $50 million offering cap for exempt offerings under regulation A. The Jumpstart Our Business Startups Act had ordered the SEC to establish the new exemption but gave no deadline. Referred to by SEC staff as \u201cReg A [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4026,3760,3761],"tags":[],"class_list":["post-5479","post","type-post","status-publish","format-standard","hentry","category-jobs-act","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NASAA President Pushes for State Regulation of \u201cReg A Plus\u201d and for Private Lawsuits Over Small Offerings &#8212; Investor Lawyers Blog &#8212; May 28, 2013<\/title>\n<meta name=\"description\" content=\"State Securities Regulators and others are battling over how the US Securities and Exchange Commission should create a $50 million offering cap for exempt &#8212; May 28, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/nasaa-president-pushes-for-sta-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NASAA President Pushes for State Regulation of \u201cReg A Plus\u201d and for Private Lawsuits Over Small Offerings &#8212; Investor Lawyers Blog &#8212; May 28, 2013\" \/>\n<meta name=\"twitter:description\" content=\"State Securities Regulators and others are battling over how the US Securities and Exchange Commission should create a $50 million offering cap for exempt &#8212; May 28, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NASAA President Pushes for State Regulation of \u201cReg A Plus\u201d and for Private Lawsuits Over Small Offerings &#8212; 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