NASAA Announces Federal Legislative Priorities

WASHINGTON, D.C., March 2, 2017 – The North American Securities Administrators Association (NASAA), which represents state and provincial securities regulators, today released its recommendations to Congress regarding ways to strengthen investor protection and facilitate healthy capital formation.

“Our legislative priorities are designed to help members of the 115th Congress protect their constituents in the fight against investment fraud; ensure honest and transparent markets; and allow responsible capital formation, for even the smallest of companies, without undermining investor protection,” said Mike Rothman, NASAA President and Minnesota Commissioner of Commerce.

Rothman outlined five priorities that state securities regulators will support in legislation introduced in the 115th Congress, including those designed to:

  • Preserve and promote protections for retail investors;
  • Strengthen laws to prevent financial exploitation of America’s growing senior population;
  • Protect the integrity of securities markets;
  • Enhance collaboration between securities regulators; and
  • Maintain state authority to act as laboratories to grow jobs through capital formation.

“Preserving the integrity of our nation’s financial markets through a responsible regulatory framework that ensures the rules are enforced, encourages financial innovation, and provides essential protections for investors is an integral responsibility of government at both the federal and state levels,” Rothman said. “We encourage Congress and the Administration to promote financial regulatory policies that hold true to our shared responsibility to look out for investors and preserve the integrity of our capital markets.”

For More Information:
Bob Webster | Director of Communications

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