NASAA Multistate Review Program Accepting Applications for Reg A Offerings

The North American Securities Administrators Association announced May 12 that it has launched its coordinated multi-state review program intended to ease regulatory compliance costs for small businesses attempting to raise capital under 1933 Securities Act Regulation A.

“Our modernized system is designed to review Regulation A filings in a timely and efficient manner in order to reduce regulatory hurdles and compliance costs for filers without sacrificing investor safeguards,” NASAA President Andrea Seidt said in a release.

She explained that under the new program, Reg A filings can be made in one place and distributed electronically to all states. “Lead ...