NASAA (North American Securities Administrators Association)
The association representing the state and provincial securities regulators responsible for administering and enforcing “blue-sky” laws that apply to SPV-based securities offerings. NASAA coordinates regulatory standards, model rules, and multi-state enforcement actions that directly affect SPVs raising capital from retail or geographically dispersed investors. In practice, NASAA establishes the regulatory environment SPV managers must navigate […]
New Round
Is another round of business financing by SPV Organizers, private equity investors or venture capitalists, for a company to raise capital. See Investment Round.
Non Accredited Investor
A non-accredited investor is an investor who fails to meet the net worth or income requirements defined by the Securities and Exchange Commission (SEC). Non-accredited investors are sometimes referred to as retail investors. The concept of a non-accredited investor comes from the various SEC acts and regulations that refer to accredited investors. An SPV Organizer […]