2003 Headlines
July 14, 2003
NASAA Statement On State Investigation of Morgan Stanley Mutual Fund Sales Practices
WASHINGTON (July 14, 2003) –The following is a statement by Christine A. Bruenn, President of the North American Securities Administrators Association (NASAA), regarding the enforcement action against Morgan Stanley announced today by Massachusetts Secretary of State William F. Galvin and New York State Attorney General Eliot Spitzer. The oldest international organization devoted to investor protection, […]
July 10, 2003
States Urge Congress to Reconsider Proposal That Weakens Investor Protection
WASHINGTON (July 10, 2003) — State securities regulators today voiced their strong opposition to a provision of the “Securities Fraud Deterrence and Investor Restitution Act” (H.R. 2179) that would significantly erode state investor protection efforts. “State securities regulators, the Securities and Exchange Commission, and Congress share the same goal of protecting the nation’s 85 million […]
July 7, 2003
NASAA Names Communications Director
May 21, 2003
NASAA Statement on HR 2179
(May 21, 2003) – “We support more resources and investigative powers for the SEC, as this legislation would provide,” said Christine Bruenn, president of NASAA and director of the Maine Office of Securities. “More and better-equipped cops on the securities beat can help restore confidence in our markets. “However, we’re troubled by the description of […]
April 30, 2003
Securities Regulators Unveil Fraud Awareness Quiz
Washington (April 30, 2003) — Are you at risk of becoming a victim of financial fraud? A simple quiz released today by Canadian and U.S. state securities regulators will help answer that question, while testing – and increasing – the financial knowledge of North Americans. The North American Securities Administrators Association (NASAA) and the Canadian […]
April 28, 2003
Ten of Nation`s Top Investment Firms Settle Enforcement Actions Involving Conflicts of Interest Between Research and Investment Banking
Historic Settlement Requires Payments of Penalties of $487.5 Million, Disgorgement of $387.5 Million, Payments of $432.5 Million to Fund Independent Research, and Payments of $80 Million to Fund Investor Education And Mandates Sweeping Structural Reforms Washington, DC and New York, (Apr. 28, 2003) — North American Securities Administrators Association President Christine Bruenn, Securities and Exchange Commission […]
March 28, 2003
War, terror fears could be exploited by con artists, securities regulators warn
WASHINGTON (March 28, 2003) — With the U.S. on the brink of war with Iraq and heightened warnings of terrorism at home, investors should not make panicky financial decisions, state securities regulators advised Tuesday. They also repeated warnings, issued in the wake of the September 11 attacks and at the height of concerns about Year […]
March 13, 2003
NYSE’s Dick Grasso to address NASAA conference
Panels will also focus on restitution, arbitration and what investors want from Washington WASHINGTON (March 13, 2003) — Dick Grasso, Chairman and CEO of the New York Stock Exchange, will be the luncheon speaker at the North American Securities Administrators Association’s (NASAA’s) 18th annual Public Policy Conference on Monday April 7th. Grasso plans to address […]
March 6, 2003
Beware of oil and gas schemes, state securities regulators warn investors
Con artists may seek to exploit fears over Mideast, oil supply WASHINGTON (March 6, 2003) – With oil prices near $40 a barrel because of supply shortages and Mideast war fears, state securities regulators anticipate an increase in oil and gas scams. Regulators in at least seven states — Kansas, Kentucky, Ohio, Oklahoma, Texas, Washington […]
February 24, 2003