SEC Chair Mary Jo White opened up last weeks Investor Advisory Committee meeting with a brief welcome and recap of recent events. She first commented on the final rules for Reg A+ “which are intended to enhance the ability of small companies to raise capital”, highlighting the increased funding cap to $50 million, and the fact that state review will no longer take place (Tier 2 only). She made certain to mention NASAA, a special interest group that lobbied aggressively to maintain state Blue Sky review, and their “coordinated review process” which remains incomplete.
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