(March 20, 2001) – These guidelines are an effort to strike the right balance between investor protection and marketplace and technological innovation. They do not attempt to address every possible scenario; there remains a lot of gray area. But these guidelines begin to bring needed clarity to this important area. In attempting to set out [...]

Losses estimated at $76 million so far WASHINGTON (March 13, 2001) – State securities regulators from Washington state to Florida today announced actions against individuals and companies that promised high returns from risky or fraudulent investments in pay telephones. Securities regulators in 25 states¹ and the District of Columbia participated in the crackdown, identifying nearly [...]

(March 1, 2001) – “The North American Securities Administrators Association supports congressional efforts to provide the staff of the Securities and Exchange Commission with much-needed pay parity with their counterparts at the federal banking agencies,” said Marc Beauchamp, NASAA`s executive director. State securities regulators understand the difficulties the SEC faces in recruiting and retaining a [...]

WASHINGTON (January 22, 2001) – State securities regulators released their federal legislative agenda Monday, urging final approval of bills that would enhance prosecution of abuses in the “micro-cap” market, impose greater accountability for federal preemption of state laws and simplify investor scrutiny of investment advisers. “With these proposals, Congress has an opportunity to both streamline [...]