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NASAA Extends REIT Comment Period, Calls For More Industry Insight

Regulators, investor advocates warn against deregulating private markets

Regulators, investor advocates warn against deregulating private markets As the Biden administration and lawmakers begin negotiations over President Joe Biden’s $1.9 trillion coronavirus relief proposal, state regulators are concerned that private-market deregulation could become a bargaining chip. January 26, 2021 3 MINS State regulators and investor advocates are urging the Biden administration not to include provisions in economic stimulus legislation that would make it easier for private companies to sell unregistered securities. In a recent letter to the President Joe Biden, the North American Securities Administrators Association and 13 investor and consumer groups said reducing regulations surrounding so-called exempt offerings would not spur economic growth and could harm investors.

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