All: 2008 Headlines

NASAA Statement on Selection of Mary Schapiro as SEC Chairman

WASHINGTON, D.C. December 18, 2008 — The following is a statement from Fred Joseph, President of the North American Securities Administrators Association, on the selection today by President-elect Obama of Mary Schapiro to lead the U.S Securities and Exchange Commission: “The selection of Mary Schapiro to lead the SEC sends a clear signal that the […]

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NASAA Statement on SEC Equity-Indexed Annuity Rule

WASHINGTON, D.C. December 17, 2008 – The following is a statement from the North American Securities Administrators Association on the vote today by the U.S. Securities and Exchange Commission (SEC) to subject equity-indexed annuities (EIAs) to regulation under the federal securities laws. NASAA’s membership consists of the securities administrators in the 50 states, the District […]

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State Securities Regulators Offer Tips to Help Investors Avoid Dishonest Investment Professionals

WASHINGTON, D.C. (December 16, 2008) – The North American Securities Administrators Association (NASAA) today offered investors a series of tips to avoid dishonest investment services providers in the wake of the unfolding scandal in which scores of investors lost upward of $50 billion after a New York money management firm tumbled like a house of […]

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NASAA Outlines Regulatory Reform Plan Promoting Wall Street Change for the Benefit of Main Street

WASHINGTON, D.C. December 11, 2008 — A delegation of state securities regulators today offered the incoming Obama Administration and the 111th Congress a series of principles and recommendations to ensure that efforts to reform the financial services regulatory structure provide Main Street investors with a system that is strong, comprehensive, collaborative and efficient. The members […]

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Financial Services Regulatory Reform Roundtable to be Webcast

WASHINGTON, D.C., December 8, 2008—The North American Securities Administrators Association, Inc. (NASAA) today announced that its upcoming public roundtable on financial services regulatory reform will be webcast live on the Internet. The 90-minute audio-only webcast will begin at 12:30 p.m. (EST) on December 11 and also will be archived on NASAA’s website for later listening. […]

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Panelists Set for Financial Services Regulatory Reform Roundtable

WASHINGTON, DC, December 2, 2008—The North American Securities Administrators Association (NASAA) will convene a public roundtable discussion next week to outline changes in the financial services regulatory structure that are necessary to promote Main Street investor protection, which state securities regulators have provided for nearly 100 years. “At this critical time in our nation’s history, […]

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Prosper Marketplace Inc. Enters Settlement With State Securities Regulators Over Sales of Unregistered Securities

Online ‘Peer-to-Peer’ Lending Service Agrees to $1 Million Penalty WASHINGTON, D.C. December 1, 2008 — The North American Securities Administrators Association (NASAA) today announced that state securities regulators have reached a settlement in principle with Prosper Marketplace, Inc., an online “peer-to peer” lending service, to resolve matters relating to the sale and offer of unregistered […]

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NASAA to Host Financial Services Regulatory Reform Roundtable

WASHINGTON, D.C. November 26, 2008 — The North American Securities Administrators Association (NASAA) will host a Regulatory Reform Roundtable to outline the essential elements the incoming Obama Administration and the 111th Congress should consider to ensure that the ongoing policy debate over the future of the nation’s financial services regulatory structure promotes positive and progressive […]

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Feeling the Squeeze: NASAA Offers Sandwich Generation Relief

State and Provincial Securities Regulators Reach Out to Investors Sandwiched Between Competing Financial Responsibilities WASHINGTON, D.C. November 24, 2008 — The North American Securities Administrators Association (NASAA) today announced a new investor education program to provide members of the Sandwich Generation–adults who are raising children while taking care of aging parents–with the information and tools they […]

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NASAA Outlines Core Principles for Regulatory Reform in Financial Services

WASHINGTON, D.C. November 19, 2008 — The North American Securities Administrators Association today released five core principles to help guide the ongoing policy debate over the changes necessary to strengthen the nation’s financial services regulatory structure. “Our system of financial services regulation must be improved to better protect our investors, our markets and our economy […]

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