News & Advocacy

Mar 9, 2020, 00:00 AM by Patty Grega

As you know, ADISA’s conferences are important events for the livelihood of the non-traded alternative investment space. Our 2020 Spring Conference (Orlando, April 6-8) is rapidly approaching, with registration ahead of pace compared to recent years, and our exhibit hall is nearly sold out. In short, we are planning for another successful event.

Feb 25, 2020, 00:00 AM by Patty Grega

ADISA joined major financial trade associations in expressing concerns regarding NASAA’s Survey on Regulation Best Interest Implementation, and have respectfully requested that the State Securities Regulators and members of the NASAA Reg BI Implementation Committee to adequately address the concerns.

Feb 3, 2020, 00:00 AM by Patty Grega

At its first Board meeting of the year, the new ADISA (the Alternative & Direct Investment Securities Association) Board, elected by the membership in late 2019, selected its 2020 officers. Larry Sullivan of Passco Companies begins his term as the 2020 ADISA president (having been elected president-elect in 2019), and Brian Buehler of Triton Pacific Securities was elected as the 2020 president-elect and will serve as president in 2021. The other ADISA officers selected were: Sherri Cooke of AI Insight as vice president; Ann Moore of International Assets Advisory as secretary; and Mark Kosanke of Concorde Investment Services as treasurer. Greg Mausz of Preferred Capital Securities, ADISA’s 2019 president, will serve the Board as its immediate past president.

Jan 13, 2020, 00:00 AM by Patty Grega

On January 7th, the Division held a public hearing regarding this proposal, where ADISA Legislative & Regulatory Committee member John Grady, a partner with Practus, LLP, testified to bring to light concerns with the proposed regulation and to underscore the importance of having any regulation take into account the unique nature of alternative investments.

Jan 3, 2020, 00:00 AM by Patty Grega

ADISA submitted a letter to the Massachusetts Securities Division in response to their request for comments on the proposal to amend 950 Mass. Code Regs 12.200 as they relate to the standard of conduct applicable to broker-dealers, agents, investment advisers and investment adviser representatives.

Dec 12, 2019, 00:00 AM by Patty Grega

The members of ADISA (Alternative & Direct Investment Securities Association), the nation's largest trade association serving the alternative investment and securities industry, have chosen new directors for its 2020 board. ADISA holds democratic elections hosted by a neutral online vendor, and the elections are open to all member categories (with a maximum of three votes per firm).

Dec 4, 2019, 00:00 AM by Patty Grega

ADISA submitted a letter to several members of Congress yesterday urging them to withdraw Section 2 of IRS Notice 2007-55, which pertains to the treatment of liquidating distributions of a real estate investment trust.

Oct 28, 2019, 00:00 AM by Patty Grega

We thank everyone who attended our Annual Conference & Trade Show, an exciting event where industry experts provided the latest information on investment products and regulatory updates, as well as tips and tools to help attendees grow their business and navigate today’s markets. Industry members came out in droves and we set an attendance record with more than 1,000 educators, regulators and industry leaders.

Sep 25, 2019, 00:00 AM by Patty Grega

ADISA submitted a letter this week to the Securities and Exchange Commission’s request for comments concerning its Concept Release on Harmonization of Securities Offerings Exemption. In the letter, ADISA responded to one topic in particular and supported an expanded “accredited investor” definition mentioned in the Concept Release.

Sep 18, 2019, 00:00 AM by Patty Grega

ADISA’s government relations team met with regulators in New Jersey earlier this week to discuss the state’s impending fiduciary rule. ADISA board member and former president, John Grady (Practus), along with Thomas Rosenfield (HillStaffer), attended the meeting.

Aug 26, 2019, 00:00 AM by Patty Grega

ADISA is pleased to announce an important expansion of its publication efforts, particularly Alternative Investments Quarterly (AIQ) and ADISA’s monthly eNewsletter, The ADISA Advocate. AIQ will begin a new robust electronic version in addition to the popular print product.

Jul 31, 2019, 00:00 AM by Patty Grega

ADISA submitted a letter Friday, July 26, to the Office of the Secretary of the Commonwealth, Massachusetts Securities Division, regarding its proposed regulation “to apply a fiduciary conduct standard on broker-dealers, agendts, investment advisers (“IAs”), and investment adviser representatives when dealing with their customers and clients.”

Jul 26, 2019, 00:00 AM by Patty Grega

ADISA joined major financial services trade associations as a signatory to a letter to the Office of the Secretary of the Commonwealth, Massachusetts Securities Division, regarding proposed regulation “to apply a fiduciary conduct standard on broker-dealers, agents, investment advisers, and investment advisor representatives when dealing with their customer and clients.”

Jun 20, 2019, 00:00 AM by Patty Grega

ADISA president Greg Mausz, Preferred Capital Securities, noted today that, “ADISA appreciates the SEC’s concept release on harmonizing security offering exemptions. This includes private offerings as well as the accredited investor definition — matters that are crucial to our industry. In the past few years these exemptions have grown more complex, and ADISA and other trade associations in the investment space are certainly willing to take a look at a comprehensive review.”

Jun 17, 2019, 00:00 AM by Patty Grega

ADISA joined SIFMA and other major financial services trade associations as signatory to a letter to the New Jersey Bureau of Securities’ request for comments on the state’s draft fiduciary duty regulations.

Jun 14, 2019, 00:00 AM by Patty Grega

ADISA submitted a letter today and a petition to the New Jersey Bureau of Securities’ request for comments on the state’s draft fiduciary duty regulations.

Jun 7, 2019, 00:00 AM by Patty Grega

Right now, the New Jersey Bureau of Securities is considering a proposed regulation that will impact all Broker-Dealers and their registered representatives in the state.

Jun 5, 2019, 00:00 AM by Patty Grega

On Wednesday, June 5, the U.S. Securities and Exchange Commission voted to adopt Regulation Best Interest, which will require that broker-dealers and registered representatives act in the best interest of their clients.

May 31, 2019, 00:00 AM by Patty Grega

ADISA’s 2019 president, Greg Mausz (Preferred Apartment Communities) and ADISA’s executive director, John Harrison, recently met in Washington with the leadership of NASAA (North American Securities Administrators Association) and various congressional offices to advance the mission of the retail alternatives investment industry.

May 28, 2019, 00:00 AM by Patty Grega

Regulation Best Interest and other items impacting the alternative direct investment industry are headed to a vote on June 5th, the U.S. Securities and Exchange Commission has announced via an open meeting agenda posted on its website.