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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

WASHINGTON (February 26, 2009) – The following is a statement from Fred Joseph, President of the North American Securities Administrators Association (NASAA) and Colorado Securities Commissioner, on President Obama’s announcement yesterday of the core principles that will guide his administration’s efforts to reshape how the nation’s financial industry and markets are regulated. “As the regulators [...]