November 15, 2016–“During Chair White’s tenure, NASAA has had the honor and opportunity to work closely with her and the SEC staff on regulatory initiatives and important issues. On behalf of NASAA, we want to thank Chair White for her service, and we wish her the very best in her next endeavor. We also look forward to strengthening our collaboration with the SEC to protect Main Street investors.”
October 26, 2016–Rules Will Help Facilitate Intrastate and Regional Securities Offerings
October 24, 2016–Initial and Renewal Fees for individual IA Representatives to Continue at Reduced Level for 2017
October 13, 2016–Nationwide Training Sessions Conducted by State Securities Regulators Aimed at Helping Investment Services Professionals Identify and Report Senior Financial Exploitation
NASAA Statement on Bipartisan Congressional Effort Encouraging the SEC to Finalize Rulemaking Related to Intrastate Crowdfunding
October 7, 2016–“NASAA has strongly supported the SEC’s efforts to modernize Rules 147 and 504, and we are encouraged to see members of Congress, led by Rep. Tom Emmer (R-MN) and Rep. Gwen Moore (D-WI), weigh in to support the SEC’s important proposed actions. These key changes will benefit small and local businesses conducting intrastate crowdfunding and regional securities offerings to raise capital, while maintaining important investor protections.”
September 13, 2016–Minnesota Commissioner of Commerce Mike Rothman today began a one-year term after having been elected president of NASAA.
September 13, 2016–NASAA President Mike Rothman’s inaugural address at NASAA’s 2016 Annual Conference in Providence, Rhode Island.
NASAA Releases Guide to Practices and Procedures for Protecting Senior Investors and Vulnerable Adults from Financial Exploitation
September 12, 2016–New NASAA guide released to assist broker-dealer and investment adviser firms in developing practices and procedures to detect and address instances of diminished capacity in senior and other clients and suspected cases of senior financial exploitation.
September 12, 2016–Preliminary findings of coordinated examinations of broker-dealer firms by state securities regulators show that while improvements have been made in how firms interact with their elderly clients, some firms lack formal written procedures on key areas related to senior investors.