WASHINGTON, DC (October 30, 2015) – The following is a statement from Judith Shaw, President of the North American Securities Administrators Association (NASAA) and Maine Securities Administrator, regarding the adoption by the Securities and Exchange Commission of rules and forms related to the offer and sale of securities through crowdfunding as mandated by Title III of the Jumpstart Our Business Startups Act and the proposal of amendments to Securities Act Rule 147 and Rule 504.

“NASAA looks forward to reviewing the final rules adopted by the SEC to implement federal crowdfunding under Title III of the JOBS Act and the proposed revisions to Rules 147 and 504. Any initiative to develop new or expand existing capital formation tools must include significant and meaningful investor protections. We also look forward to working closely with the Commission on the implementation of the final crowdfunding rules and finalizing revisions to Rules 147 and 504 that will facilitate responsible capital formation for local businesses.”

For More Information:
Bob Webster |Director of Communications
202-737-0900