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.
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