Members and Friends –
On September 12, the IPA submitted comments to NASAA regarding its proposal to impose a nationwide concentration limit of 10 percent of an individual’s liquid net worth in a non-traded REIT, its affiliates and other non-traded REITs.
The IPA firmly believes this proposed rule would severely limit capital formation across the nation’s economy, while drastically reducing the availability of an important retirement income vehicle for millions of individual investors.
Now we’re asking you to take action, by sending a letter of opposition directly to your state securities administrator’s office!
Thank you,
Anthony Chereso
President and Chief Executive Officer
Investment Program Association
