Remarks to the Annual Conference on Federal and State Securities Cooperation
· Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission (United States)
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MT · Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks to the Annual Conference on Federal and State Securities CooperationContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC questions whether state rules should still apply to resales of some exempt securities.
Problems raised- State laws complicate resale of some exempt securities.
- This harms secondary liquidity for Regulation A offerings.
- Small businesses find it harder to raise capital.
Solutions proposed- Review which transactions deserve federal preemption.
- Consider the right degree of preemption.
- Cooperate closely with state regulators.
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