Correcting the Course: Our Evidence-Based Rebuttal to NASAA’s Claims

We find ourselves at a crucial juncture in the journey of Regulated Investment Crowdfunding, a path recently clouded by the North American Securities Administrators Association’s (NASAA) objection letter to Congress dated January 26th. The letter, laden with fear, uncertainty, and doubt, lacked a critical element – relevant data to support its assertions.

In a robust defense of innovation and economic progress, Crowdfund Capital Advisors crafted a data-driven rebuttal to NASAA’s claims, drawing on 8 years of comprehensive Investment Crowdfunding insights. Our intention was clear: to present an accurate, evidence-based perspective to Congress, countering NASAA’s unfounded concerns.

We are heartened to see that our efforts have gained recognition, with a CrowdfundInsider feature story on our letter . This coverage is not just a testament to our commitment but also a call to action for all stakeholders to engage in informed dialogue.

To further underscore the gravity of our counter-argument, Sherwood Neiss, Principal at Crowdfund Capital Advisors, shared his thoughts with CrowdfundInsider: ”

In my view, the NASAA’s recent communications to Congress represent a particularly insidious form of disinformation, characterized by a willful disregard for the current data and realities of Regulation Crowdfunding. Their approach, which selectively cites outdated figures and ignores the transformative impact of recent regulatory changes, does a disservice not only to the innovative platforms and entrepreneurs driving economic growth and creating jobs but also to the very principles of informed legislative debate. I find it imperative to counter such narratives with rigorous, data-driven analysis to ensure that policy decisions are grounded in the realities of today’s financial landscape, rather than the misconceptions of yesterday.  My rebuttal to their letter is not just about setting the record straight; it’s about advocating for a more honest and evidence-based discourse that truly serves the interests of American businesses and investors.“<

We invite you to read the full letter [click the image below] and join us in this critical conversation. Your support propels us forward as we advocate for policies rooted in truth and data, shaping a future that benefits all.

Together, we stand for transparency, integrity, and the power of crowdfunding to transform lives and economies.

With gratitude,

The Team at Crowdfund Capital Advisors