All: 2009 Headlines

State Securities Regulators Voice Strong Support For Senior Investment Protection Act

NASAA Applauds Sen. Herb Kohl’s Leadership in the Ongoing Fight Against Senior Investment Fraud WASHINGTON, D.C., May 4, 2009—The North American Securities Administrators Association (NASAA) today announced its strong support for the “Senior Investment Protection Act of 2009” (S. 906), legislation designed to protect senior investors from unscrupulous and unqualified financial advisers. Introduced by Sen. […]

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State Securities Regulators Continue to See Fraud and Abuse in the Life Settlement Market

WASHINGTON, D.C. (April 29, 2009)—State securities regulators continue to see problems of fraud and abuse in the growing life settlement industry and outlined for Congress the need for strong regulation of these financial products by appropriate regulatory authorities. “Although life settlements may serve a useful purpose by enhancing the value and liquidity of life insurance […]

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NASAA President to Testify Before Senate Committee Examining the Life Settlement Market

WASHINGTON, D.C. (April 28, 2009)—North American Securities Administrator Association President and Colorado Securities Commissioner Fred Joseph is scheduled to testify Wednesday before the U.S. Senate Special Committee on Aging in a hearing exploring the growing life settlement industry and its impact on seniors. The hearing, “Betting on Death in the Life Settlement Market – What’s […]

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NASAA Public Policy Conference to Spotlight Panels on Financial Regulatory Restructuring and Systemic Risk Regulation

U.S. Rep. Paul Kanjorski to Deliver Keynote Address WASHINGTON (April 16, 2009) – State securities regulators will convene in Washington, D.C. this month to discuss the challenges facing the current financial services regulatory structure and outline policy proposals to strengthen regulatory safeguards for Main Street investors. The North American Securities Administrators Association (NASAA) will host […]

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NASAA Launches Website to Help Auction-Rate Securities Investors Navigate Arbitration Process

WASHINGTON (March 31, 2009) – As state securities regulators continue to provide relief to auction-rate securities (ARS) investors, the North American Securities Administrators Association (NASAA) has launched a new website to guide investors seeking damages through a special arbitration process created as part of the recent settlements reached with several major Wall Street firms. To […]

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NASAA President Proposes Expanded Role of State Securities Regulators in Testimony Before U.S. Senate Banking Committee

WASHINGTON (March 26, 2009) – With the nation’s financial services regulatory structure under heavy scrutiny, the North American Securities Administrators Association (NASAA) offered the U.S. Senate Committee on Banking, Housing, and Urban Affairs a series of constructive reform proposals that advance the interests of Main Street investors through enhanced state securities regulation. NASAA President and […]

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NASAA President to Offer Proposals to Bolster Financial Services Regulation in Testimony Before the Senate Banking Committee

WASHINGTON (March 24, 2009) – As Congress and the Obama Administration work to transform the nation’s financial services regulatory structure, the North American Securities Administrators Association (NASAA) will offer the U.S. Senate Committee on Banking, Housing, and Urban Affairs Committee a series of constructive reform proposals that advance the interests of Main Street investors. NASAA […]

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NASAA to Host Public Policy Conference

Rep. Kanjorski to Deliver Keynote Address WASHINGTON (March 24, 2009) – State securities regulators will convene in Washington, D.C. next month to discuss the challenges facing the current financial services regulatory structure and outline policy proposals to strengthen regulatory safeguards for Main Street investors. The North American Securities Administrators Association (NASAA) will host its annual […]

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State Securities Regulators Urge Congress to Provide Greater Resources to Fight Investment Fraud

Ropp:  “State securities regulators have the determination, willpower and experience to pursue perpetrators of financial crime.” WASHINGTON (March 20, 2009) – Drawing from their experience on the front lines of investor protection, two state securities regulators offered the House Financial Services Committee concrete proposals to enhance the states’ ability to pursue and prosecute perpetrators of […]

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State Securities Regulators to Offer Congressional Panel Proposals to Enhance Enforcement of Financial Crimes

WASHINGTON (March 19, 2009) – As Congress continues to consider reforms to the financial services regulatory structure, two state securities regulators will offer the House Financial Services Committee their perspective on the role of state securities regulators and proposals to enhance the states’ ability to pursue and prosecute perpetrators of financial crimes. Massachusetts Secretary of […]

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