State securities regulators have long played a role in facilitating capital formation at the state and local level by assisting companies seeking to raise capital with state securities laws issues.
Two NASAA programs, the Coordinated Review-Equity (CR-Equity) program and the Small Company Offering Registration (“SCOR”) Program, assist companies by streamlining and coordinating the state comment process and developing uniform guidelines for review. NASAA’s Corporation Finance Section also oversees franchise and trading and exchange issues.
- FAQ: Disqualification of Bad Actors from Regulation D Offerings and the Lifting of the Ban on General Solicitation (November 7, 2013)
- Small Company Offering Registrations (SCOR) Program
- Franchise Resources
- Coordinated Review
- Memorandum of Understanding Between NASAA and the SEC Regarding Electronic Form D Filing (April 5, 2010)
- Informal Solicitation for Comments Regarding SBC and REIT Guidelines
See also NASAA Regulatory Activity