Commissioners Talk about State Regulation in NASAA Speeches.

On April 8th, SEC Commissioner Kara Stein in her remarks before the North American Securities Administrators Association (“NASAA”) annual meeting talked about the importance of partnership with state regulators. She addressed the issues of solicitation, crowdfunding and Regulation A. Though she did not say how she would vote on Regulation A+, she did say that SEC should work with states and the NASAA’s Coordinated Review Program. Commissioner Luis Aguilar gave a detailed analysis of the pros and cons of Regulation A+, mentioning that he has sought the advice of the SEC General Counsel on whether it preempts state’s rights. Speeches.