All: 2009 Headlines

State Securities Regulators Announce Settlement with Stifel, Nicolaus & Co., Inc. in Auction Rate Securities Investigations

WASHINGTON, D.C. December 29, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Stifel, Nicolaus & Co., Inc. and state securities regulators to provide relief for the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. The settlement […]

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State Securities Regulators Announce Settlement with Stifel, Nicolaus & Co., Inc. in Auction Rate Securities Investigations

WASHINGTON, D.C. December 29, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Stifel, Nicolaus & Co., Inc. and state securities regulators to provide relief for the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. The settlement […]

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NASAA Applauds House Passage of Regulatory Reform Bill

WASHINGTON (December 14, 2009) – The North American Securities Administrators Association (NASAA) today applauded the House of Representatives for moving forward with meaningful investor protection reforms and acknowledging the important role of state securities regulators through the passage of the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173). This comprehensive legislation recognizes […]

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State Securities Regulators Urge Congress to Resist Pressure to Weaken Investor Protections in Reform Proposals

WASHINGTON, D.C. December 4, 2009 – The North American Securities Administrators Association (NASAA) today urged Members of Congress to resist intense pressure by financial services industry interests to weaken the regulatory improvements necessary to strengthen investor protection. “While high times may have returned to Wall Street, hard times persist on Main Street. Congress must not […]

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State Securities Regulators Announce $1.3 Billion Settlement with Wells Fargo Investors in Auction Rate Securities Investigations

WASHINGTON, D.C. November 18, 2009 – The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. Since […]

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The Most Dangerous Piece of Mail You’ll Get All Year is For a Free Lunch

New AARP Survey Shows High Level of Concern About Impact of Financial Scams Among 55+ Population Washington, DC – More than three-quarters of older Americans are concerned that financial scams will damage their retirement nest eggs or those of someone they know, AARP and the North American Securities Administrators Association (NASAA) said today. In a […]

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NASAA Statement on Senate Financial Services Regulatory Reform Proposal

WASHINGTON (November 10, 2009) – The following is a statement from Denise Voigt Crawford, President of the North American Securities Administrators Association (NASAA) and Texas Securities Commissioner, based on a preliminary analysis of the financial services regulatory reform proposal released today by Senate Banking Committee Chairman Christopher Dodd. “The comprehensive proposals offered by Chairman Dodd […]

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NASAA Statement on the Investor Protection Act

WASHINGTON (November 4, 2009) — The following is a statement by NASAA President and Texas Securities Administrator Denise Voigt Crawford in response to the vote today by the House Financial Services Committee to report the Investor Protection Act to the House of Representatives. NASAA appreciates the Committee’s efforts to strengthen investor protection. While we continue […]

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NASAA Statement on Investment Adviser Regulation

WASHINGTON, D.C. (October 28, 2009) – The following is a statement from North American Securities Administrators Association President and Texas Securities Commissioner Denise Voigt Crawford calling for Congress to increase the regulatory responsibility of state securities regulators over investment advisers. The statement comes as the House Financial Services Committee is debating financial services regulatory reform […]

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NASAA Announces IARD System Fee Waiver

WASHINGTON (October 13, 2009) – The North American Securities Administrators Association (NASAA) today announced it will waive the initial set-up and annual system fees paid by investment adviser firms (IAs) and investment representatives (IARs) to maintain the Investment Adviser Registration Depository (IARD) system. Denise Voigt Crawford, NASAA President and Texas Securities Commissioner, said, “The IARD […]

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