All: 2007 Headlines

NASAA Warns Investors to Watch for Holiday Investment Fraud

State Securities Regulators Offer Tips and Resolutions for Safe Investing WASHINGTON, D.C., December 13, 2007 – The North American Securities Administrators Association today cautioned investors not to let the spirit of good tidings and giving lead them into risky investment schemes this holiday season. “Investment fraud does not take a holiday,” said Karen Tyler, NASAA […]

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NASAA Urges Reforms to Securities Arbitration System

State Securities Regulators Support The Arbitration Fairness Act of 2007 WASHINGTON, D.C., December 12, 2007 – The North American Securities Administrators Association today testified in support of S. 1782, the Arbitration Fairness Act of 2007 introduced by Sen. Russ Feingold (D-WI), saying that it is “a positive step in the right direction” toward improving the […]

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NASAA Comments on Treasury Department Financial Institution Regulatory Review

“Our existing regulatory structure, particularly as it pertains to the securities markets, needs no fundamental restructuring.” WASHINGTON, D.C. (November 30, 2007) — The North American Securities Administrators Association (NASAA) today voiced strong support for the current regulatory structure for the securities industry and cautioned against a significant overhaul in an effort to enhance the competitiveness […]

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Coordinated Examinations Identify Investment Adviser Deficiencies

State Securities Regulators Update Best Practices to Help Advisers Strengthen Compliance Procedures WASHINGTON, D.C. (October 15, 2007)– The North American Securities Administrators Association (NASAA) today released an updated series of recommended best practices that investment advisers should consider in order to improve their compliance practices and procedures. “Our best practices were developed to help regulators and […]

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NASAA Installs New President, Board of Directors

North Dakota Securities Commissioner Karen Tyler Named NASAA President; Colorado Securities Commissioner Fred Joseph to Serve as President-Elect SEATTLE, WASHINGTON (October 2, 2007) – North Dakota Securities Commissioner Karen Tyler today was elected to a one-year term as President of the North American Securities Administrators Association (NASAA). She succeeds Alabama Securities Commission Director Joseph P Borg. […]

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"Free Lunch" Investment Seminar Examinations Uncover Widespread Problems, Perils for Older Investors

WASHINGTON, D.C. (September 10, 2007)– During a Seniors Summit held today at the Securities and Exchange Commission, securities regulators released a joint report summarizing the results of their examinations of “free lunch” investment seminars. The year-long examination was conducted by the SEC, the Financial Industry Regulatory Authority (FINRA) and state securities regulators (members of NASAA, the […]

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“Free Lunch” Investment Seminar Examinations Uncover Widespread Problems, Perils for Older Investors

WASHINGTON, D.C. (September 10, 2007)– During a Seniors Summit held today at the Securities and Exchange Commission, securities regulators released a joint report summarizing the results of their examinations of “free lunch” investment seminars. The year-long examination was conducted by the SEC, the Financial Industry Regulatory Authority (FINRA) and state securities regulators (members of NASAA, the […]

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State Securities Regulators Issue Senior Investor Alert

NASAA says retirees and those nearing retirement remain vulnerable as they manage a lifetime of savings WASHINGTON, D.C. (September 10, 2007) —The North American Securities Administrators Association (NASAA) today issued a Senior Investor Alert warning that retirees and those nearing retirement can face serious traps as they manage the savings they have accumulated throughout their working […]

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NASAA Outlines Dangers Facing Senior Investors

Borg: “States have been in the vanguard developing innovative regulatory responses to fight senior investment fraud.” WASHINGTON, D.C. (September 5, 2007)—The North American Securities Administrators Association (NASAA) today told a Congressional panel that senior investors are being targeted through “free lunch” investment seminars by predators holding professional-sounding designations that can be nothing more than empty marketing […]

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NASAA To Outline Efforts to Protect Seniors from Misleading ‘Free Lunch’ Investment Seminars and Professional Designations

NASAA President Joseph P. Borg to Testify Before U.S. Senate Special Committee on Aging WASHINGTON, D.C. (August 30, 2007) – North American Securities Administrators Association (NASAA) President and Alabama Securities Commission Director Joseph P. Borg will discuss ongoing efforts of state securities regulators to protect senior investors from misleading “free lunch” seminars and professional designations […]

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