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SEC, NASAA Issue Statement on Opportunity Zones Investments

Tuesday, July 16, 2019 - 2:00PM

The U.S. Securities and Exchange Commission (SEC), along with the North American Securities Administrators Association, issued a statement today explaining the application of state and federal securities laws to opportunity zones (OZ) funds, along with guidance for Main Street investors to participate. The guidance indicates that investors can invest in a manner compliant with securities laws, but that Main Street investors, particularly those living in an OZ, face a more complex path. SEC Chairman Jay Clayton also issued a statement explaining the guidance and seeking feedback on how to increase access to private security offerings for Main Street investors while maintaining protections

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