Members and Friends –
The North American Securities Administrators Association (“NASAA”) recently requested public comment regarding proposed amendments to its statement of policy regarding Real Estate Investment Trusts (“REIT Guidelines”). In response, the IPA has submitted an official comment letter.
I would like to extend my sincere gratitude to a few individuals for their leadership in drafting this comment letter, including, Keith Allaire, Wally Kunzman and Martin Dozier. Several committees provided added insight and guidance, including: the Legal and Regulatory, Non-Listed REIT, BDC and Closed End Funds, Broker Dealer Advocacy, Policy Advocacy, Due Diligence and Compliance Committees. Your collective leadership and support is the driving force behind the IPA and our industry.
In the weeks ahead, the IPA will be launching a grassroots letter writing campaign to further raise awareness of this issue. All member firms and their associates will have an opportunity to seamlessly send a personal letter to their state securities administrator, ensuring that each one hears directly from their constituents.
Be on the lookout for further information on how to get involved, and let your voice be heard!
President and Chief Executive Officer
Investment Program Association