NASAA Executive Director to depart

WASHINGTON (February 4, 2003) — The North American Securities Administrators Association (NASAA) announced today that its executive director, Marc Beauchamp, will leave his position at the end of February.

Beauchamp joined NASAA in January 1998 as communications director; he became executive director in March of 2000.

Christine Bruenn, NASAA’s president and Maine securities administrator, said: “NASAA has greatly benefited from Marc’s keen insights on strategic issues and his ability to communicate the vital importance of state securities regulation. I will miss him.”

Bruenn cited some of NASAA’s accomplishments during Beauchamp’s tenure: microcap stock fraud sweeps, its landmark day trading report, warnings about online trading advertising, the annual “Top Ten Frauds” list and the recent analyst conflict of interest settlement.

“State securities regulators have always been focused on Main Street investors and their concerns,” said Beauchamp. “The United States has the fairest and most transparent markets in the world, and a big reason for that is the complementary system of regulation: the SEC, the self-regulatory organizations and the states.”

Beauchamp plans to focus on strategic communications as a consultant.

Before joining NASAA, Beauchamp was chief spokesman for the NASD and the Nasdaq Stock Market. Previously, he was Forbes magazine’s west coast bureau chief.

For More Information:
Bob Webster, Director of Communications
202/737-0900

2003 Headlines, Newsroom