NASAA Identifies Top Investor Threats for 2012

The North American Securities Administrators Association (NASAA) which is an association of state and Canadian provincial securities regulators released it top ten list of investor traps for 2012. At the top of the list was "Crowdfunding and Internet Offers." As allowed by the 2012 JOBS Act, crowdfunding will allow the solicitation over the Internet of small ($1 million or less) securities offerings. Among the other threats identified by NASAA are Inappropriate Advice from Investment Advisors, Regulation D Rule 506 Private Offerings, Promissory Note Fraud and Scam Artists Targeting Self-Directed IRAs. The full list of NASAA's top investor threats can be viewed at:

Los Angeles:(818) 788-8300
San Francisco:(415) 433-9000
Minneapolis:(612) 389-0600

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Pearson, Simon & Warshaw, LLP

15165 Ventura Blvd., Suite 400
Sherman Oaks, CA 91403 View Map
Phone: (818) 788-8300
555 Montgomery St., Suite 1205
San Francisco, CA 94111 View Map
Phone: (415) 433-9000
328 Barry Ave. S., Suite 200
Wayzata, MN 55391 View Map
Phone: (612) 389-0600

Website: © 2013 All Rights Reserved.