Welcome to SEC Roundup, a bimonthly video collection by Paul Hastings companions and former Securities and Alternate Fee senior trial counsels Nick Morgan and Tom Zaccaro exploring present SEC subjects with thought leaders and business consultants.
On this episode, Morgan and Zaccaro speak with Anya Coverman, common counsel on the Institute for Portfolio Alternate options, in regards to the two competing fashions of regulating nontraded REITs — the SEC’s and the one put forth by the North American Securities Directors Affiliation.
NASAA floated a plan that seeks to carry its REIT coverage extra into line with the SEC’s Regulation Finest Curiosity.
The remark interval on NASAA’s proposed revisions to its coverage concerning actual property funding trusts closed on Sept. 12.
NASAA is contemplating a proposal that will prohibit traders from pursuing sure funding methods even though the SEC already requires nontraded REITs to be registered.
See the video above for the dialogue with Coverman.