In a recent speech, NASAA President Heath Abshure, while expressing support for increased access to capital formation, noted NASAA's concerns about civil remedies for investors, including investors that participate in crowdfunding. Abshure noted that "for crowdfunding to be successful, class action relief must be available to investors who are defrauded in an offering of crowdfunded securities." This is likely to give rise to considerable debate and discussion. For a complete copy of the remarks, see: http://www.nasaa.org/22565/nasaa-president-heath-abshures-remarks-at-nasaa-sec-19d-conference/.
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