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 [...]
All: Issues & Advocacy
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 [...]
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.
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.
January 14, 2010 – Written testimony of NASAA President Denise Voigt Crawford delivered to the United States Financial Crisis Inquiry Commission.
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.
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.
September 15, 2009 – NASAA written statement submitted to the House Judiciary Subcommittee on Commercial and Administrative Law regarding mandatory binding arbitration.
NASAA’s Franchise and Business Opportunity Project Group is soliciting both internal and public comments on a proposal for model state law provisions regarding the delivery of franchise disclosure documents. The Proposal follows new federal franchise delivery requirements adopted under an Amended Federal Trade Commission Franchise Rule in 2007. In the interests of uniformity, the Proposal recommends [...]
NASAA’s Investment Adviser Regulatory Policy and Review Project Group is soliciting comments from the public on a proposed model rule regarding solicitors for investment advisers. The Proposed Rule keeps intact the increased investor protection standards presently required by the states, while clarifying the conditions under which investment advisers, investment adviser representatives, and solicitors must operate. [...]