Securities Law Prof Blog

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

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Thursday, December 1, 2011

States Should Regulate Small Business Capital Formation, Says NASAA

In testimony before the Senate Banking Committee on December 1, NASAA said state securities regulators are best positioned to provide an efficient regulatory framework to enable new and small businesses to raise investment capital and provide safeguards for investors.

“NASAA firmly believes that the states should be the primary regulator of small business capital formation, including crowdfunding offerings,” said Jack E. Herstein, NASAA President and Assistant Director of the Nebraska Department of Banking & Finance Bureau of Securities.

http://lawprofessors.typepad.com/securities/2011/12/states-should-regulate-small-business-capital-formation-says-nasaa.html

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