All: 2000 Headlines

NASAA statement on SEC Chairman Arthur Levitt

(December 20, 2000) – Arthur Levitt has provided much-needed continuity for our markets, the securities industry and investors alike. At a time when record numbers of small, often inexperienced, investors have turned to Wall Street, he has been our nation`s most visible investor advocate. Chairman Levitt has consistently stood up for the small investor. He […]

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NASAA Fills Board Vacancy

WASHINGTON (October 11, 2000) – W. Mark Sendrow, Arizona’s Director of Securities, was appointed today to the Board of the North American Securities Administrators Association to replace David Jonson, South Carolina’s Deputy Securities Commissioner, who is resigning to go into private legal practice. Sendrow was appointed Securities Commissioner in January 1999. Prior to that, he […]

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State securities regulatory group installs new head, board of directors

New NASAA President Deborah Bortner promotes uniformity, use of technology, online investor education MONTREAL (September 19, 2000) – Deborah Bortner, Washington State’s Director of Securities, today took over as President of the North American Securities Administrators Association (NASAA). She succeeded Bradley Skolnik, Indiana’s Securities Commissioner. In an address at NASAA’s 83rd annual conference here, Bortner […]

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State securities regulators unanimously adopt vision for future

MONTREAL (September 19, 2000) — The North American Securities Administrators Association (NASAA) today unanimously adopted the vision statement acknowledging the dramatic changes reshaping the financial services industry and committing to increase uniformity of state securities regulation and address other concerns of industry. Entitled “The New Economy and state securities regulation,” the six-page document was voted […]

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NASAA general counsel resigns

Washington (September 7, 2000) – The North American Securities Administrators Association (NASAA) announced today that its general counsel, Karen M. O’Brien, is resigning effective September 30 to become a partner in a new financial services consulting firm. O’Brien has served as NASAA’s general counsel since late 1991. In this position, O`Brien helped draft federal and […]

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NASAA statement on approval of selective disclosure rule (Reg FD)

The following is a statement by NASAA President and Indiana Securities Commissioner Bradley W. Skolnik(August 10, 2000): This (Reg FD) is another important step in the democratization of Wall Street. In the age of the Internet and 24-hour financial news, there’s no reason for an uneven information playing field on Wall Street. Why shouldn’t investors […]

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State securities regulators issue statement on actions announced by the SEC, U.S. Attorney for the Southern District of New York and the FBI

(June 14, 2000) – As the SEC, U.S. Attorney for the Southern District of New York and the Federal Bureau of Investigation announced the unsealing of indictments and the filing of criminal complaints naming more than 100 defendants in securities fraud schemes, Bradley W. Skolnik, Indiana’s securities commissioner and president of the North American Securities […]

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NASAA Implements Waiting Period for Those Who Fail Exams

WASHINGTON (June 5, 2000) – The North American Securities Administrators Association (NASAA)¹ has implemented the following waiting periods for individuals needing to retake the Series 63, Series 65 or Series 66 following a failed attempt: (1) a minimum of 30 days after failing the first exam before the second taking of the exam can be […]

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SEC, State Securities Regulators Announce Promissory Note Enforcement Sweep

(June 1, 2000) – The U.S. Securities and Exchange Commission (SEC) and state securities regulators today announced a joint effort to combat the fraudulent sale of promissory notes to investors. This initiative has resulted in a significant number of enforcement actions. Although promissory notes can be appropriate investments for many individuals, federal and state securities […]

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Online Investors Get 10 Tips from State Securities Regulators

WASHINGTON (May 25, 2000) – State securities regulators today unveiled a list of tips for online investors. Some 200 securities firms offer online brokerage services and there are an estimated 10 million-plus online accounts. Online firms are spending hundreds of millions of dollars on advertising to attract new customers, many new to investing and the […]

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