Page 31 - 2013_2014 NASAA report

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NASAA Overview

Te NASAA department also devoted signifcant time and
efort toward developing and securing approval of NASAAs new
coordinated review of Regulation A oferings.
Other special initiatives included working with NASAAs
Investment Adviser Section on issues related to the IA Switch,
particularly in connection with exams and oversight. Te Switch
concluded in 2013 with an order by the SEC deregistering
advisers no longer eligible to remain registered with the agency.
In anticipation of the conclusion of the Switch, the legal
department contributed to a comprehensive review of the Dodd-
Frank mandated initiative. Te report was made available in May
2013. A. Heath Abshure of Arkansas (left) moderates a panel
Te department also continued to dedicate signifcant resources discussion on the importance of state oversight of small
offerings at the NASAA annual conference. Panelists include
in support of NASAAs eforts to design and build an electronic
(from left): Manning Warren of the University of Louisville
fling system for Form D flings.
Brandeis School of Law; Faith Anderson of the Washington
In addition, two members of the legal Securities Division; and Mike Liles, attorney with Karr Tuttle
department continued to support David Campbell.
Massey of North Carolina in his role as
NASAAs principal to the Financial
Stability Oversight Council.
In March, NASAA held
a news conference
at the National Press
Club to unveil the 2013
Legislative Agenda.
The event featured
then-NASAA President
A. Heath Abshure and
then-President-elect
Steven Irwin (right) of
Communications Pennsylvania.
& Investor Education

New publications from NASAA include the
NASAAs Communications program continues to strive to updated Cutting Through the Confusion
brochure, a joint publication with the
position NASAA and its members as a credible source of
Investment Advisers Association and others;
information and as a leading voice of investor protection and an investor alert on energy investments
through balanced regulation. by NASAAs Alerts & Advisories project
Te majority of the communication department s work during group.
2013 has focused on aggressively advocating NASAAs policy
positions regarding arbitration and various aspects of the JOBS
Act, with an emphasis on crowdfunding, Regulation D general
solicitation, and Regulation A small oferings provisions.

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