Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Monday, April 19, 2010

NASAA Seeks Reforms in Reg D Rule 506 Offerings

NASAA Statement on Reforms Needed to Protect Investors in Regulation D Rule 506 Offerings:

State securities regulators urge the Senate to protect investors by amending the Banking Committee's recently approved reform package to stop securities law violators from conducting private securities offerings under the SEC's Regulation D Rule 506 provisions.

The bill's current language offers an unworkable regulatory review process ...,

Rather, we believe the legislation should instead reinstitute the authority of states to use their so-called ‘bad boy’ provisions to disqualify recidivist securities violators who are now legally allowed to conduct private securities offerings under Regulation D Rule 506.

http://lawprofessors.typepad.com/securities/2010/04/nasaa-seeks-reforms-in-reg-d-rule-506-offerings.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0133eccb89e8970b

Listed below are links to weblogs that reference NASAA Seeks Reforms in Reg D Rule 506 Offerings:

Comments

Post a comment