November 29, 2011 – NASAA has developed a coordinated review program for investment advisers switching from federal to state securities regulatory oversight as mandated by Dodd-Frank.
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November 9, 2011 – NASAA announced today that it has demanded the operator of the “State Securities Commission” website cease operations after it was learned that the website appeared to have been designed to dupe investors.
State Securities Regulators to Explore Steps to Help Small and New Businesses Raise Investment Capital
October 21, 2011 – NASAA today announced the formation of a committee to examine and propose steps that state securities regulators can take to help small and new businesses raise investment capital.
State Securities Regulators Announce Settlement with E*TRADE in Auction Rate Securities Investigations
October 19, 2011 – NASAA today announced that a settlement in principle has been reached between E*TRADE Securities LLC and state securities regulators to return approximately $100 million to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market since 2008.
October 19, 2011 – NASAA today reported a 51 percent increase in the number of enforcement actions by state securities regulators in 2010, which led to a nearly 200 percent increase in the amount of money ordered returned to investors.
October 3, 2011 – As state securities regulators prepare to assume increased regulatory oversight of investment advisers managing under $100 million in assets, NASAA released an updated series of recommended best practices that investment advisers should consider to minimize the risk of regulatory violations.
September 21, 2011 – Arkansas Securities Commissioner Heath Abshure outlined the unintended consequences investors could face from legislative efforts to loosen regulations on how new and small businesses raise money.
September 16, 2011 – NASAA 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.
September 13, 2011 – NASAA outlined its vigorous opposition to the creation of a self-regulatory organization for investment advisers in testimony before the House Subcommittee on Capital Markets and Government Sponsored Enterprises.