SEC's Blue-Sky Reform: How Eliminating 53-State Review Could Unlock REITs and BDCs
TL;DR: A coalition of 17 industry organizations filed comments on July 28, 2026 urging the SEC to preempt state blue-sky registration requirements for SEC-registered nontraded REIT and BDC offerings.
Blue Sky Laws: The State Securities Rules That Trip Up Private Placements
State securities regulators ran 8,333 investigations in 2024 and collected $259 million in fines, proof that blue sky laws, which predate the SEC by two decades, still carry real teeth even after fede
Blue Sky Laws: What Every Accredited Investor in Private Placements Must Know
TL;DR: Blue sky laws are state securities regulations that run parallel to federal law. A valid Reg D exemption does not give you a free pass in all 50 states. Ignore them and you hand your investors
Blue Sky Laws: What Accredited Investors Must Know Before Every Private Deal
TL;DR In 2023, state securities regulators obtained more than $333 million in fines and restitution , plus approximately 461 years of criminal incarceration, from 1,186 enforcement actions. Your Regul