State Regulator's View on Implementation of the JOBS Act (with Lofchie Comment)

Arkansas Securities Commissioner and NASAA President A. Heath Abshure made a statement on the current status of implementation of the JOBS Act including rulemakings under Titles II (General Solicitation and Advertising in Rules 506/144A), III (Crowdfunding) and IV (Regulation A+) of the Act. Commissioner Abshure stated that implementation of legislation designed to foster the flow of capital to small businesses must be done responsibly and carefully. While Commissioner Abshure conceded that rules implementing the JOBS Act were long overdue, he pointed out that rules implementing Dodd-Frank are even more overdue.

Lofchie Comment: NASAA remains largely opposed to the JOBS Act and continues to express concern about the prospect for increased fraud.

View statement in full here (links externally to NASAA website).