All: Testimony

Legislative Proposals to Enhance Capital Formation for Small and Emerging Growth Companies, Part II

Written Testimony of William Beatty, Washington Securities Division Director and President-Elect of the North American Securities Administrators Association, Inc., delivered to the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, May 1, 2014

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The Federal Arbitration Act and Access to Justice: Will Recent Supreme Court Decisions Undermine the Rights of Consumers, Workers, and Small Businesses?

December 17, 2013–Written statement of Mike Rothman, Commissioner of the Minnesota Department of Commerce on behalf of the North American Securities Administrators Assocation (NASAA) before the Senate Judiciary Committee issued as part of a hearing on the Federal Arbitration Act.

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The JOBS Act at a Year and a Half: Assessing Progress and Unmet Opportunities

October 30, 2013–Written testimony of NASAA Deputy General Counsel Rick Fleming, delivered to the Senate Banking Subcommittee on Securities, Insurance and Investment providing an overview of the current status of NASAA’s work in designing a new multi-state review process for offerings conducted under Title IV of the JOBS Act, including a one-stop, filing process for “Regulation A+” and to offer NASAA’s views on Title II of the JOBS Act, which lifted the long-standing ban on general solicitation, Title III’s crowdfunding provisions and NASAA’s views of the SEC’s proposed rules and other JOBS Act-related issues.

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Legislation to Further Reduce Impediments to Capital Formation

October 23, 2013 – Written testimony of NASAA Past President and Arkansas Securities Commissioner A. Heath Abshure Arkansas, delivered to the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, providing NASAA’s views on various capital formation proposals informally referred to “JOBS Act 2.0”.

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The JOBS Act: The Importance of Prompt Implementation for Entrepreneurs, Capital Formation, and Job Creation

September 13, 2012 – Written statement of NASAA President Heath Abshure, provided to the House Financial Services Subcommittee on Capital Markets and the House Oversight Subcommittee on TARP, Financial Services, and Bailouts, outlining NASAA’s views on the current status of rulemakings under JOBS Act Titles II (General Solicitation and Advertising in Rules 506/144A), III (Crowdfunding) and IV (Regulation A+) of the Act issued as part of a hearing on JOBS Act implementation.

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H.R. 4624, the Investment Adviser Oversight Act of 2012

June 6, 2012 – Written testimony of Texas Securities Commission John Morgan, delivered before the House Financial Services Committee, outlining NASAA’s opposition to H.R. 4624, the Investment Advisor Oversight Act of 2012.

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Spurring Job Growth Through Capital Formation While Protecting Investors

December 1, 2011 – Written testimony of NASAA President Jack Herstein, delivered to the Senate Committee on Banking, Housing, and Urban Affairs, outlining NASAA’s position that the states are best positioned to oversee small business capital formation, including crowdfunded offerings.

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Legislative Proposals to Facilitate Small Business Capital Formation and Job Creation

September 21, 2011 – Written testimony of Arkansas Securities Commissioner Heath Abshure, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, outlining the unintended consequences investors could face from legislative efforts to loosen regulations on how new and small businesses raise money.

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Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Adviser Oversight

September 13, 2011 – Written testimony of Pennsylvania Securities Commissioner Steven Irwin, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, expressing NASAA’s opposition the creation of an SRO to oversee state regulated investment advisers.

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Enhanced Investor Protection After the Financial Crisis

July 12, 2011 – Written testimony of NASAA President David Massey, delivered to the Senate Committee on Banking, Housing, and Urban Affairs, discussing how the Dodd-Frank Act has provided enhanced protection to investors.

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