CFA and the University of Nevada Law School Clinic sent a letter to the Nevada State Assembly making clear that Nevada Bill AB75 poses serious risks to Nevadans because the legislation entirely bypasses state and federal securities laws to create an intrastate offering exemption.  This legislation makes it possible to sell some of the most speculative, risky, and illiquid assets to ordinary persons, and opens the door to substantial fraud and abuse of Nevadans. Broadening access to private markets will do more harm than good. This legislation directs low-dollar private placements toward the most vulnerable of investors and lacks necessary balance between healthy markets and investor protections.