All: 2008 Headlines

NASAA Forum on Securities Arbitration to be Webcast

WASHINGTON, D.C., June 19, 2008—The North American Securities Administrators Association, Inc. (NASAA) today said its upcoming public forum on securities arbitration will be webcast live on the Internet. The webcast, Arbitration is Broken: How Can it be Fixed?, will be available on the NASAA website at 12:30 p.m. (EDT) on June 24. The two-hour audio-only […]

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NASAA Identifies Traps Likely to Burn Investors This Summer

WASHINGTON, D.C. June 17, 2008—As summer approaches, the North American Securities Administrators Association warns that scamsters are using every trick under the sun to separate unsuspecting investors from their hard-earned dollars. State and provincial securities regulators caution investors to screen themselves from hot energy-related tips, speculative real estate promotions, unsolicited invitations from new online “friends,” […]

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Leading Arbitration Experts to Speak at NASAA Forum on Securities Arbitration

WASHINGTON, D.C. June 12, 2008—The North American Securities Administrators Association (NASAA) is bringing together leading arbitration experts for a public forum to discuss the current securities arbitration system and offer constructive steps to restore choice, fairness, and balance to the securities arbitration process. The forum, Arbitration is Broken: How Can it be Fixed?, is scheduled […]

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NASAA to Host Securities Arbitration Forum

Forum to Focus on Restoring Choice, Fairness, and Balance to the Securities Arbitration Process WASHINGTON, D.C. May 27, 2008—The North American Securities Administrators Association (NASAA) today announced it will host a public forum to examine the current securities arbitration system and offer constructive steps to restore choice, fairness, and balance to the securities arbitration process. The […]

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State Securities Regulators Launch Program to Help Law Enforcement Investigate Investment Fraud

WASHINGTON, D.C. (April 29, 2008) – The North American Securities Administrators Association (NASAA) today announced a new outreach program that provides law enforcement with resources and information to help investigate public complaints about investment fraud. Designed for use by law enforcement officers and district attorneys, the Law Enforcement Outreach Program features a series of resources […]

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NASAA Applauds Proposed Amendment to Require Disclosure of Allegations Against Brokers in Arbitrations and Civil Lawsuits

WASHINGTON, D.C. (April 29, 2008) – The North American Securities Administrators Association (NASAA) today said a rule amendment recently proposed by the Financial Industry Regulatory Authority (FINRA) would enhance investor protection by improving disclosure of investor allegations of sales practice violations by brokers in securities arbitration claims and civil lawsuits. “We applaud the joint efforts […]

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State Securities Regulators Coordinate Ongoing Auction-Rate Securities Investigations

WASHINGTON, D.C. April 17, 2008—The North American Securities Administrators Association (NASAA) today said that several of its members have been conducting investigations involving auction-rate securities (ARS) and are coordinating their efforts to help investors who cannot access funds that their brokers placed in these complex investment products. “Given the number and nature of the complaints […]

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NASAA Commends Dateline NBC for Helping Expose Questionable Equity Indexed Annuity Sales Practices to Seniors

WASHINGTON, D.C. April 14, 2008—The North American Securities Administrators Association (NASAA) today commended Dateline NBC for its April 13 program, “Tricks of the Trade,” which exposed questionable sales practices that some insurance agents use to sell equity indexed annuities that may be unsuitable investments for seniors. “Dateline’s producers and correspondent Chris Hansen are to be […]

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State Securities Regulators Announce New Model Rule on the Use of Senior Certifications and Professional Designations

NASAA Also Voices Strong Support for the ‘Senior Protection Act of 2008’ and Applauds Sen. Herb Kohl’s Leadership in the Fight Against Senior Investment Fraud WASHINGTON, D.C. April 1, 2008—The North American Securities Administrators Association (NASAA) today announced that its membership has approved a new model rule prohibiting the misleading use of senior and retiree designations, […]

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NASAA Statement on Treasury Department’s Financial Services Regulatory Restructuring Plan

WASHINGTON, D.C. March 31, 2008—The following is a statement by Karen Tyler, President of the North American Securities Administrators Association (NASAA) and North Dakota Securities Commissioner, regarding the Treasury Department’s Blueprint for Regulatory Reform. NASAA is the oldest international organization devoted to investor protection. NASAA’s membership consists of the securities administrators in the 50 states, […]

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