Rules Will Help Facilitate Intrastate and Regional Securities Offerings

WASHINGTON, D.C. (October 26, 2016) — The following is a statement from Mike Rothman, North American Securities Administrator Association (NASAA) President and Minnesota Commissioner of Commerce, on the Securities and Exchange Commission’s (SEC) vote to adopt final rules to facilitate intrastate and regional securities offerings. The SEC vote includes changes to the intrastate offering exemption under Rule 147, the adoption of a new exemption, and the expansion of the small offering exemption under Rule 504.

“The SEC’s rule changes represent a significant step toward better alignment with modern technology and business practices. These changes will allow small companies to make better use of state crowdfunding and limited offering exemptions to raise capital. Investors and small companies will also benefit from changes to capital formation rules that include significant investor protections and preserve state authority. We look forward to closely reviewing the final rules and working with the Commission in their implementation.”

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





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