WASHINGTON (March 15, 2000) – The North American Securities Administrators Association (NASAA) today named Marc Beauchamp its new executive director.
Beauchamp, 47, joined NASAA two years ago as its communications director. He previously held similar posts with the Nasdaq Stock Market and its parent, the National Association of Securities Dealers. In the early Nineties, he held investor and corporate relations positions with Honolulu-based Hawaiian Electric Company. In 1990 Beauchamp left a nearly 20-year career in journalism, capped by three years as chief of Forbes magazine`s West Coast bureau.
NASAA President Bradley W. Skolnik, Indiana`s Securities Commissioner, said the NASAA Board of Directors was impressed by Beauchamp`s “strategic thinking, vision, communications skills, knowledge of the securities industry and state and federal regulation.”
Deborah R. Bortner, Washington State’s Director of Securities and NASAA President-Elect, credited Beauchamp for helping NASAA raise issues from microcap and boiler room stock fraud to day trading and online broker advertising and suitability.
Added Skolnik: “He understands the changing financial marketplace, the role technology is playing and other trends that will directly impact state securities regulation. For state securities regulators, these are challenging times; we need to be looking forward and Marc has demonstrated that he can help us do that,” Skolnik added.
Said Beauchamp: “Our financial markets are the envy of the world in large part because our complementary system of state, industry and federal regulation promotes transparency, fair dealing and trust. State securities regulators are the local cops on the securities beat. They also serve as teachers, through grass-roots investor education efforts, and help local entrepreneurs raise capital through small offerings.”
“The enforcement and education roles of state securities regulators have never been more vital now that we`re becoming a nation of shareholders. I`m committed to investor protection and to making state securities regulation even more effective and efficient,” he added.
As executive director, Beauchamp will work closely with NASAA members, industry and consumer groups, fellow regulators in Washington and lawmakers on Capitol Hill. He will also run the group`s 14-person Washington office. .As executive director, Beauchamp succeeds Philip Feigin, former Colorado securities commissioner, who resigned last fall to enter private legal practice in Denver. A native of northern California, Beauchamp graduated from the University of California at Berkeley. He lives in northern Virginia.