All: Issues & Advocacy

Proposed Model Franchise Exemptions

Notice of Request for Public and Internal Comment: Proposed Model Franchise Exemptions Download: Proposed Model Franchise Exemptions The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release, for both internal and public comment, of proposed Model Exemptions relating to state franchise registration and disclosure laws. The proposal includes model […]

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Proposed Model Rule for Exempt Reporting Advisers

On December 10, 2010, NASAA published for comment a proposed model rule that would exempt investment advisers to certain types of private funds from state registration. NASAA received five comments in response to the proposed model rule. The drafters of the proposed rule reviewed the comments, and in response, revised several provisions within the proposed rule. NASAA […]

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New Model Rules Pertaining to Investment Adviser Custody

NASAA’s Investment Adviser Section and Investment Adviser Regulatory Policy and Review Project Group are rereleasing for comment from interested persons proposed changes to the NASAA model rule pertaining to investment adviser custody. Download: Background Memo and Proposed Model Rule The comment period will remain open for 30 days. Accordingly, all comments should be submitted on or […]

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New Model Rules Pertaining to Investment Adviser Custody and Brochure Requirements

NASAA’s Investment Adviser Regulatory Policy and Review Project Group is soliciting comments from interested persons regarding proposed changes to the NASAA model rules pertaining to investment adviser custody, financial requirements, recordkeeping and brochure delivery. Download: Background Memo and Proposed Model Rules The comment period begins on Thursday, February 17, 2011, and will remain open for 14 […]

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Proposed NASAA Model Rule on Private Fund Adviser Registration and Exemption

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) made significant changes to the provisions governing the regulation of investment advisers under the Investment Advisers Act of 1940 (“IAA”). In addition to expanding the states’ oversight of investment advisers by increasing the assets under management threshold for registration with the Securities and Exchange […]

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The Federal Government’s Role in Empowering Americans to Make Informed Financial Decisions

July 15, 2010 – Written testimony of Montana Deputy Securities Commissioner Lynne Egan, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, discussing ways to improve investor education and allow investors to make more informed decisions.

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Corporate Governance and Shareholder Empowerment

April 21, 2010 – Written testimony of Pennsylvania Securities Commission Steven D. Irwin, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, urging Congress to take steps to encourage investor confidence.

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NASAA Testimony Before the Financial Crisis Inquiry Commission

January 14, 2010 – Written testimony of NASAA President Denise Voigt Crawford delivered to the United States Financial Crisis Inquiry Commission.

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Capital Markets Regulatory Reform: Strengthening Investor Protection, Enhancing Oversight of Private Pools of Capital, and Creating a National Insurance Office

October 6, 2009 – Written testimony of NASAA President Denise Voigt Crawford, delivered to the House Financial Services Committee, regarding improvements to the financial regulatory system.

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S. 1551: The Liability for Aiding and Abetting Securities Violations Act of 2009

September 17, 2009 – Written testimony of Illinois Securities Commissioner Tanya Solov, delivered to the Senate Judiciary Subcommittee on Crime and Drugs, discussing liability for aiding and abetting securities violations.

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