NASAA President Andrea Seidt Begins "Campaign for Smarter Regulation" (with Lofchie Comment)

NASAA President, Andrea Seidt, released a statement indicating NASAA's new campaign to take advantage of technology in an effort to balance the legitimate interests of investors with the legitimate goals of entrepreneurs, and to adopt policies that are fair to both.

In her remarks, President Seidt states that NASAA has consulted with a task force of the American Bar Association to "develop a proposal that peels back some of our normal guidelines to accommodate this new type of offering." As part of the proposal, NASAA has designed a multistate review process, and is developing a multistate electronic filing platform that will allow one-stop filing with all states.

Lofchie Comment: Any regulatory change that provides for coordination among the regulators to reduce the number of regulators with which a regulated entity must interact is a positive.

See: NASAA President Seidt's Statement.