All: 2009 Headlines

NASAA President Outlines Key Elements of Meaningful Regulatory Reform in Congressional Testimony

WASHINGTON (October 6, 2009) – In testimony before the U.S. House Financial Services Committee, North American Securities Administrator Association President and Texas Securities Commissioner Denise Voigt Crawford today outlined the key elements of meaningful financial services regulatory reform. “At this critical time in the nation’s history, it’s imperative that our system of financial services regulation […]

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NASAA Statement on FINRA Arbitration Pilot Program Expansion

WASHINGTON, D.C. October 5, 2009—The following is a statement by North American Securities Administrators Association (NASAA) President and Texas Securities Commissioner Denise Voigt Crawford regarding the expansion of the Financial Industry Regulatory Authority (FINRA) pilot program to allow certain investors making arbitration claims to choose a panel made up of three public arbitrators instead of […]

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NASAA President to Urge Congress to Enact Meaningful Regulatory Reforms

WASHINGTON (October 5, 2009) – North American Securities Administrator Association President and Texas Securities Commissioner Denise Voigt Crawford is scheduled to testify Tuesday before the U.S. House Financial Services Committee in a hearing to discuss the legislative changes necessary to improve the nation’s financial services regulatory system. The hearing, “Capital Markets Regulatory Reform: Strengthening Investor […]

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NASAA Outlines Best Practices For Investment Advisers

Coordinated IA Examinations Spotlight Deficiencies in Key Areas WASHINGTON, D.C. (September 29, 2009) – 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. “By identifying these deficiencies, our goal is to help investment advisers […]

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NASAA to Urge Senate to Re-establish Liabillity for Aiders and Abettors of Securities Violations

WASHINGTON (September 17, 2009) –The North American Securities Administrators Association (NASAA) will testify in support of a bill to restore investors’ right to bring private actions against aiders and abettors of corporate deception and fraud. Tanya Solov, Director of the Illinois Securities Department, will testify at 2 p.m. today before the Senate Committee on the […]

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Texas Securities Commissioner Denise Voigt Crawford Elected New NASAA President

DENVER (September 15, 2009) – The incoming president of the North American Securities Administrators Association (NASAA) outlined a broad policy agenda to promote and enhance the investor protection role of state and provincial securities regulators. “As a career public servant, I believe that regulation is the proper province of government. It is not a profit-driven […]

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NASAA Opens Conference with Strong Affirmation of Investor Protection Role of State and Provincial Securities Regulators

DENVER (September 14, 2009) – The North American Securities Administrators Association (NASAA) opened its annual conference here with a strong affirmation of the vital investor protection role served by state and provincial securities regulators. Massachusetts Securities Division Director and conference chairman Bryan Lantagne said the theme of the 92nd annual conference, “The STATE of Regulatory […]

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NASAA Supports Congressional Efforts to Protect Senior Investors

WASHINGTON (September 11, 2009) – The North American Securities Administrators Association (NASAA) announced its strong support for two bicameral bills introduced in Congress today aimed at protecting senior investors. Sen. Herbert Kohl (D-WI), chairman of the U.S. Senate Special Committee on Aging, and Senators Robert Casey (D-PA) and Kirsten Gillibrand (D-NY) introduced the “Senior Investment […]

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NASAA Identifies Top 10 Investor Traps

WASHINGTON (August 18, 2009) – With a new school year about to begin, the North American Securities Administrators Association (NASAA) reminds investors to take stock of their financial education and arm themselves with the knowledge to sidestep this year’s Top 10 Investor Traps. Fred Joseph, NASAA President and Colorado Securities Commissioner, said that investors under […]

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NASAA Statement on Court Decision in Equity-Indexed Annuities Case

WASHINGTON, D.C. July 22, 2009—The following is a statement from North American Securities Administrators Association (NASAA) President and Colorado Securities Commissioner Fred Joseph on yesterday’s decision by the Court of Appeals for the District of Columbia Circuit concerning the U.S. Securities and Exchange Commission’s (SEC) rule on equity-indexed annuities. NASAA is the oldest international organization […]

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