Business Law Section: Regulation of Securities Committee Meeting

When:  Oct 13, 2020 from 4:00 PM to 5:30 PM (ET)

A meeting of the BLS Regulation of Securities Committee will be held on Tuesday, October 13, 2020, from 4:00–5:30 p.m. This meeting will be held by Zoom.  It will be necessary to register in advance for this meeting.

After registering, you will receive a confirmation email containing information about joining the meeting.

The meeting agenda includes the following topics:

  1. Newly expanded “accredited investor” definition (attached PR and rules excerpt);
  2. SEC’s concept release on private offering exemption harmonization (attached);
  3. SEC Regulation Best Interest (Reg BI) and NASAA’s benchmark report (attached rule and related materials);
  4. SEC Commission-adopted “Fiduciary” Interpretation (attached);
  5. SEC Form CRS (Customer Relationship Summary) (attached IA and BD rules); 
  6. Remarks by Andrew Brisbo, Executive Director, State of Michigan LARA Marijuana Regulatory Agency, relative to a racial equity advisory workgroup established by the agency to develop policy to improve equity, diversity and inclusion in the commercial marijuana industry, including the formation of investment capital (attached);
  7. COVID-19 matters; and 
  8. Other matters, if any.

View All Meeting Materials 8MB

If anyone has any additional proposed topics for discussion, please feel free to email me in advance of the meeting.

I look forward to speaking with you at our meeting.


Pat Haddad
Chair, BLS Regulation of Securities Committee