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September 23, 2020

NASAA Releases Annual Enforcement Report

NASAA today released its annual enforcement report, which shows increasing numbers of investigations and enforcement actions taken by state securities regulators to protect investors and maintain the integrity of the nation’s financial markets.
September 22, 2020

NASAA Releases Results of Benchmarking Initiative To Help Measure Effectiveness of Regulation Best Interest

Results of a nationwide examination of broker-dealers and investment advisers by state securities regulators provide the first comprehensive look at industry practices prior to the implementation of the Securities and Exchange Commission’s Regulation Best Interest and provides important benchmarking data to help measure the effectiveness of the new federal standard of care regulation.
September 3, 2020

NASAA Urges DOL to Defer Fiduciary Rule Proposal

While noting that it shares the Department of Labor’s goal of improving investment advice for millions of American workers and retirees, NASAA today urged the department to defer steps to finalize its proposed fiduciary rulemaking until it has had the opportunity to gauge the effectiveness of the U.S. Securities and Exchange Commission’s Regulation Best Interest.
September 2, 2020

Lisa Hopkins of West Virginia to Lead North American Securities Administrators Association

“I will use my term in office to serve as a strong advocate for investors and to support my fellow securities commissioners throughout the United States, Canada and Mexico in their mission of investor protection,” Hopkins said in remarks during NASAA’s Annual Meeting. “I intend to focus attention on strengthening engagement and inclusion among NASAA members, fellow regulators, industry, and the investors we serve, especially those in our states and provinces who have been underserved.”
August 31, 2020

NASAA Members Adopt Model Act to Award and Protect Whistleblowers

NASAA announced today that its membership has voted to adopt a model act designed to help states provide a safe environment for individuals to come forward to report suspected wrongful securities practices to state securities regulators.
August 26, 2020

NASAA Statement on the SEC’s Amendment of Accredited Investor Definition

A statement from Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities on today’s vote by the U.S. Securities and Exchange Commission to amend and expand its accredited investor definition as part of its proposal to harmonize the exempt offering framework under the Securities Act.
August 19, 2020

Task Force Takes More Than 200 Actions to Protect Investors From Fraudsters Seeking to Profit from the Pandemic

NASAA President Christopher W. Gerold: “We are putting con artists on notice that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes.”
August 7, 2020

NASAA Statement on Confirmations of Hester Peirce and Caroline Crenshaw to Serve on the U.S. Securities and Exchange Commission

NASAA President Christopher W. Gerold: “On behalf of state and provincial securities regulators, I congratulate Caroline Crenshaw and Hester Peirce on their confirmations to serve on the SEC. We look forward to working with Commissioners Crenshaw and Peirce, their fellow commissioners and Chairman Clayton on our shared goal of protecting Main Street investors and the integrity of the securities markets they depend upon for financial security.”
July 21, 2020

New NASAA Study Examines Issues Related to Financial Professionals and Diminished Capacity

“Discussions with industry members and other regulators clearly indicate that firms are encountering financial professionals with diminished capacity or cognitive issues that stem from a variety of factors, including an aging workforce,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
July 16, 2020

NASAA’s Electronic Filing Depository to Accept Mutual Fund Filings

Beginning July 20, 2020, the UFT functionality will add an option for mutual fund notice filings to the list of accepted forms to be filed electronically.




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