Growth Capitalist (https://growthcapitalist.com/tag/reg-a/page/12/)
A company that focuses on micro-lending for independent builders in real estate is now the first Reg A issuer to complete the coordinated process for state-level review developed by the North American Securities Administrators Association (NASAA).
Market participants familiar with the annual Government-Business Forum on Small Business Capital Formation hosted by the Securities and Exchange Commission may be excused for harboring skepticism.
Though SEC Commissioners Daniel M. Gallagher and Kara Stein may have traveled on the same plane on the way to the Los Angeles County Bar Association Annual Securities Regulation Conference they were certainly not on the same page –
A group of nine Senate Democrats have joined 20 of their colleagues in the House to formally protest the SEC’s rule proposal to reform Regulation A, as mandated by Title IV of the JOBS Act, which would define investor eligibility so broadly as to render all offerings exempt from state-level review.
