June 28, 2012
If Regulation A is going to be revived and become a meaningful source of capital for small business, it needs to provide the same preemption of the state Blue Sky Laws as Regulation D, rule 506.
I beleive this would also have to involve the comission defining a "qualified purchaser" as something different (less) than an "accredited investor".
If Reg A + dosen't represent a faster, less expensive way to access the market why would anyone use it?
Regards:
Robet Tresslar