Here is a link to a letter the Securities Committee of the WSBA sent to Senator Dodd as well as other legislators voicing the Committee’s dismay over proposed Section 926: Letter to Sen. Dodd from the WSBA in opposition to Section 926 of the “Restoring American Financial Stability Act of 2010” One aspect of the ... [ more » ]
Senator Dodd’s 1328 page bill (Restoring American Financial Stability Act of 2010) contains a provision under Section 926 entitled Authority of State Regulators over Regulation D Offerings that would take away the ability of Start-up companies to raise funds without review by the SEC or state securities regulators. Currently, companies and private funds that want ... [ more » ]
