All: Issues & Advocacy

State Securities Regulators Announce Settlements with JP Morgan, Morgan Stanley in Auction Rate Securities Investigations

WASHINGTON, D.C. August 14, 2008 — The North American Securities Administrators Association (NASAA), Illinois Securities Department and Florida Office of Financial Regulation, along with the New York Office of the Attorney General, today announced that settlements have been reached with JP Morgan and its affiliates (including Bear Stearns & Co. Inc.) and Morgan Stanley, which […]

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Securities Regulators Announce Settlement with UBS in Auction Rate Securities Investigation

WASHINGTON, D.C. August 11, 2008 — Karen Tyler, President of the North American Securities Administrators Association (NASAA), announced today that a settlement in principle has been reached between UBS Securities LLC and UBS Financial Services, Inc. (UBS) and state and federal securities regulators.  The settlement will provide thousands of UBS clients with access to billions […]

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Securities Regulators Announce Settlement with Citigroup in Auction Rate Securities Investigation

WASHINGTON, D.C. August 7, 2008— North American Securities Administrators Association (NASAA) President Karen Tyler, Texas Securities Commissioner Denise Voigt Crawford, and New York Attorney General Andrew Cuomo, and the Securities and Exchange Commission announced today that a settlement has been reached with Citigroup, Inc., which will give thousands of Citigroup clients access to billions of […]

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NASAA’s Proposed Amendments to its Model Rules on Investment Advisers and Investment Adviser Representatives

NASAA’s Investment Adviser Regulatory Policy and Review Project Group (“Project Group”) is soliciting comments from the public on a proposed set of investment adviser model rules written to reflect the organization and content of the 2002 Uniform Securities Act (“USA 2002”).  The Project Group is also seeking public comment on proposed revisions to the existing […]

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NASAA's Proposed Amendments to its Model Rules on Investment Advisers and Investment Adviser Representatives

NASAA’s Investment Adviser Regulatory Policy and Review Project Group (“Project Group”) is soliciting comments from the public on a proposed set of investment adviser model rules written to reflect the organization and content of the 2002 Uniform Securities Act (“USA 2002”).  The Project Group is also seeking public comment on proposed revisions to the existing […]

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State Securities Regulators Coordinate Ongoing Auction-Rate Securities Investigations

WASHINGTON, D.C. April 17, 2008—The North American Securities Administrators Association (NASAA) today said that several of its members have been conducting investigations involving auction-rate securities (ARS) and are coordinating their efforts to help investors who cannot access funds that their brokers placed in these complex investment products. “Given the number and nature of the complaints […]

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2008 Franchise Registration and Disclosure Guidelines

2008 FRANCHISE REGISTRATION AND DISCLOSURE GUIDELINES February 26, 2008 (AMENDED AND RESTATED UFOC GUIDELINES) The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release, for both internal and public comment, the attached proposal for updated franchise registration and disclosure guidelines.  The proposal would allow states that register franchise […]

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Shopping Smart and Avoiding Scams: Financial Literacy During the Holiday Season

December 13, 2007 – Written testimony of North Dakota Securities Commissioner, and NASAA President Karen Tyler, delivered to the Senate Committee on Banking, Housing, and Urban Affairs, regarding protecting investors during the holiday season.

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S. 1782, the Arbitration Fairness Act of 2007

December 12, 2007 – Written testimony of Illinois Securities Commissioner Tanya Solov, delivered to the Senate Judiciary Subcommittee on the Constitution, regarding S.1782, the Arbitration Fairness Act of 2007

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Proposed NASAA Model Rule on the Use of Senior-Specific Certifications and Professional Designations

Comments are being solicited from the public on the following proposed model rule concerning the use of senior-specific certifications and professional designations. The comment period will remain open for 30 days, until December 9, 2007. Comments: AARP American Council of Life Insurers The American College American National Standards Institute CFP Board College of Financial Planning Financial Planners […]

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