NASAA Unveils Pro-Investor Legislative Agenda for the 110th Congress

WASHINGTON, D.C. (January 25, 2007) —The North American Securities Administrators Association (NASAA) today outlined a sweeping legislative agenda that supports efforts to advance investor protection and promote a strong and effective regulatory environment to maintain investor confidence in the capital markets.

“Taken together, our agenda clearly revolves around doing what’s right for investors. This has always been our priority and we will not waver in this regard,” said Joseph P. Borg, NASAA President and Director of the Alabama Securities Commission.  “We look forward to working with members of Congress and fellow regulators to ensure that investors have all the protection they deserve and that our capital markets remain the most effective and efficient in the world.”

Borg presented NASAA’s 11-point pro-investor legislative agenda during a news conference at the National Press Club. NASAA’s legislative agenda seeks to preserve the authority of state regulators to protect investors; strengthen the mechanisms currently in place that provide redress to investors for wrongdoing by industry participants; maintain federal laws designed to insure corporate accountability and shareholder confidence; promote sound and effective regulatory initiatives; and improve the scope and breadth of investor education efforts.

“State securities regulators are eager to assist members of Congress in their efforts to ensure that America’s investors prosper in a regulatory environment that provides the strongest investor protections,” Borg said. “NASAA members are dedicated to pursuing those firms and individuals who have violated the securities laws within our jurisdictions. NASAA’s legislative agenda advances this legacy of investor protection.”

NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, the provinces and territories of Canada, and Mexico.

Downloads

NASAA 2007 Legislative Agenda
Remarks by NASAA President Joseph P. Borg

For more information:
Bob Webster, Director of Communications

202-737-0900

2007 Headlines, Newsroom