The North American Securities Administrators Association (NASAA) issued a report on the "extent and prevalence of enforcement efforts by state securities regulators." The NASAA found state securities regulators continue to investigate financial firms in large numbers. It also found an uptick in enforcement efforts that relate to "investment advisers, Internet offerings, crowdfunding and Reg D issues." Further, it noted that "Reg D and real estate schemes remain the most common type of violative products or practices."