All: 2006 Headlines

NASAA Survey Shows Senior Investment Fraud Accounts for Nearly Half of all Complaints Received by State Securities Regulators

Unregistered Securities, Variable and Equity Indexed Annuities Most Pervasive Financial Products Involved in Senior Investment Fraud WASHINGTON (July 17, 2006)—With the first ‘Baby Boomers’ turning 60 this year, state securities regulators warned today that investment fraud among seniors, which already accounts for nearly half of all investor complaints received by state securities regulators, could grow significantly […]

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NASAA Statement on Wachovia Capital Markets LLC Settlement

WASHINGTON, DC. (July 5, 2006)—North American Securities Administrators Association (NASAA) President and Wisconsin Securities Administrator Patricia D. Struck, released the following statement today after state securities regulators announced a $25 million multistate settlement of enforcement actions against Wachovia Capital Markets LLC involving allegations of potential conflicts of interest between the firm’s research and investment banking […]

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Consumers, Regulators, and Industry Groups Join to Produce Investor Education Brochure

Free Publication Designed to Address Consumer Confusion about Stockbrokers, Investment Advisers, and Financial Planners WASHINGTON, D.C. (May 9, 2006) —The Coalition on Investor Education – a broad group of consumer organizations, state securities regulators, and investment services providers – today released a free brochure designed to guide investors through the process of choosing an investment […]

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SEC and NASAA Launch Program to Protect Senior Investors

Joint Initiative Includes Aggressive Enforcement, Targeted Examinations, and Investor Education and Outreach Programs Washington, D.C. (May 8, 2006) – Securities and Exchange Commission Chairman Christopher Cox  and North American Securities Administrators Association President Patricia D. Struck today announced a joint national initiative designed to protect seniors from investment fraud and sales of unsuitable securities. The initiative, […]

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Panelists Announced for NASAA Policy Forum

May 9 Forum to Focus on Regulatory, Business Challenges Raised as Baby Boomers Near Retirement WASHINGTON, D.C. (April 27, 2006) —The North American Securities Administrators Association Inc. (NASAA) today announced panelists for its May 9 Policy Forum, which will focus on the regulatory and business issues raised as the first of the Baby Boom generation turns […]

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NASAA and SIA Promote Investor Education for Hispanic Investors

‘Understanding Your Brokerage Account Statements’ Brochure Published in Spanish WASHINGTON, DC (April 26, 2006)— The Securities Industry Association (SIA) and the North American Securities Administrators Association, Inc. (NASAA) today unveiled a Spanish translation of their joint publication  “Understanding Your Brokerage Account Statements.” This guide is intended to provide Spanish-speaking investors with tips on analyzing their […]

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SEC Chairman Cox to Address NASAA Public Policy Conference

May 9 Conference also Features Forum on Financial Issues Affecting Baby Boomers WASHINGTON, D.C. (April 12, 2006) —U.S. Securities and Exchange Commission Chairman Christopher Cox will be the keynote speaker at the North American Securities Administrators Association’s (NASAA) annual Public Policy Conference on Tuesday, May 9 in Washington, D.C., NASAA President and Wisconsin Securities Administrator Patricia D. Struck […]

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NASAA Statement on Appointment of Andrew Donohue as Director of the SEC Division of Investment Management

WASHINGTON, D.C. (April 11, 2006) —The following is a statement from North American Securities Administrators Association (NASAA) President and Wisconsin Securities Administrator Patricia D. Struck on the appointment of Andrew Donohue as Director of the Division of Investment Management at the U.S. Securities and Exchange Commission. “NASAA’s leadership congratulates SEC Chairman Christopher Cox on the appointment […]

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NASAA Applauds Resolutions Supporting Goals and Ideals of Financial Literacy Month

Struck: ‘The need for financial education in the United States has never been greater.’ WASHINGTON (April 7, 2006) – The following is a statement from North American Securities Administrators Association President and Wisconsin Securities Administrator Patricia D. Struck on the passage of Senate Resolution 410 and House Resolution 737, supporting the goals and ideals of Financial […]

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NASAA Listens Forum on Hedge Funds to be Webcast

WASHINGTON (March 30, 2006) —The North American Securities Administrators Association, Inc. (NASAA) today announced plans to broadcast its public “NASAA Listens” Forum on Hedge Funds live on the Internet. The Forum will be webcast on the NASAA website at 1 p.m. (EDT) on April 4. The 90-minute audio-only webcast also will be archived on NASAA’s website for later […]

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