NASAA On Reg A+

At the end of last week, the North American Securities Administrators Association (NASAA) submitted another comment letter on Reg A+, which now (given the SEC open meeting notice) seems particularly well timed.  The NASAA letter highlights the proposed coordinated review process for Reg A+ offerings (see our prior posts on this).  NASAA notes that the coordinated review program could be adopted fairly quickly following the SEC's actions on Reg A+.  Finally, NASAA takes the opportunity to reiterate once again its view that Reg A+ offerings should not be subject to state securities law preemption.   See the text of the letter at the NASAA website: http://www.nasaa.org/wp-content/uploads/2011/07/NASAA-Letter-to-SEC-Regarding-Regulation-A+.pdf.