ADISA Reacts to SEC Request for Comment

Jun 20, 2019

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.”
ADISA’s Legislative & Regulatory committee, headed by Larry Sullivan, Passco Companies, and co-chaired by John Grady, DLA Piper, and Catherine Bowman, The Bowman Law Firm, has already begun work on a detailed response to the SEC’s request. In this task, we will be reaching out to you as part of our membership to gather comments and ideas. We aim to compose this research meaningfully to improve our industry.
The full text of the SEC’s release (over 200 pages) can be found here, and you may contact ADISA at any time via our advocacy center at with your comments or questions. Please participate where you can, make your voice heard, and please lend your help as we respond to our regulator’s request for comment.
John P. Harrison
ADISA Executive Director