WASHINGTON  (September 6, 2001) — The North American Securities Administrators Association (NASAA) today named Stephen Hall, 46, associate general counsel. Hall comes to NASAA from the private sector, where he focused on civil litigation, lender representation and venture capital. Prior to that, Hall served as a trial attorney and associate director of enforcement at the [...]

Handy checklist available from state securities regulators Washington (August 30, 2001) – While the volatile stock market can make certificates of deposit appealing to investors, some CDs aren’t what they seem. That’s the message behind a handy checklist now available from state securities regulators. With many elderly investors complaining they’ve been misled into buying “callable” [...]

Regulators, Industry Collaborated to Identify, Remedy Most Common Problems; Non-Profit Site is Now Project of 50 State Securities Regulators WASHINGTON, D.C. (August 28, 2001) – The 20-month-old Investing Online Resource Center (www.investingonline.org) was relaunched today with a major new “investor simulator center” and other Web-based educational tools designed to zero in on the five most frequently [...]

WASHINGTON  (August 16, 2001) — The North American Securities Administrators Association (NASAA) today named Mark Davis, 52, associate general counsel. Davis has worked extensively on Capitol Hill and for federal agencies. In the late 1990s, Davis served as legislative director and counsel, first to Rep. Frank Riggs (R-Calif.), and later to Rep. Lee Terry (R-Neb.). [...]

WASHINGTON (August 7, 2001) – Investment frauds that take advantage of victims’ religious or spiritual beliefs are rising dramatically, state securities regulators warned Tuesday, with losses in three large cases – Greater Ministries International Church, the Baptist Foundation of Arizona and the IRM Corporation – approaching $1.5 billion. The warning about religious-based investment scams at [...]

The North American Securities Administrators Association (NASAA) today (July 10, 2001) issued the following statement after the announcement that Richard Walker was resigning as the SEC’s Director of Enforcement: “Dick Walker brought a passion and a commitment to his work that truly inspired others,” said Deborah Bortner, NASAA president and Washington State’s director of securities. [...]

(June 26, 2001) – “There has been too much confusion about what the Securities Investor Protection Corporation is and what it does,” said Marc Beauchamp, executive director of the North American Securities Administrators Association. “The General Accounting Office`s recommendations, if followed, would help investors by clearing up some of the misconceptions about SIPC insurance, what [...]

(May 10, 2001) – “Harvey Pitt has had a distinguished career, both in public service and in private practice,” said Marc Beauchamp, executive director of the North American Securities Administrators Association. “He is one of the top securities lawyers in the country. Because of his experience at the Securities and Exchange Commission, he understands how [...]

WASHINGTON (April 23, 2001) – State securities regulators today released a list of the top 10 investment scams they are combating. New to the third annual list are risky payphone and ATM investments, often sold by independent life insurance agents, and so-called “callable” certificates of deposit sold to older Americans despite their 10- to 20-year [...]

Group Unveils Informational Brochure On Promissory Notes Washington, D.C., April 12, 2001 – In an effort to ensure that the 78 million Americans who own securities are better informed about the ins and outs of investing, the National Association of Securities Dealers, the North American Securities Administrators Association, the Securities and Exchange Commission, and the [...]