All: Newsroom

State Securities Regulators Warn Against Slippery Oil and Gas Deals

Oil Patch Scams Remain Favored Ploy to Fleece Investors WASHINGTON, D.C. (January 11, 2007) – Although oil prices have fallen since reaching an all-time high last summer, fraudulent oil and gas deals remain a favorite ploy of con artists nationwide, according to the North American Securities Administrators Association (NASAA), the membership organization of state and […]

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State Securities Regulators Report Increases in Enforcement Actions, Money Ordered Returned to Investors & Years of Incarceration for Securities Law Violations

WASHINGTON (December 12, 2006) – State securities regulators today reported significant increases in the number of enforcement actions, money ordered returned to investors, and years of incarceration for securities law violations during the most recent reporting period. “These statistics reflect the ongoing vigilance of state securities regulators to protect Main Street investors from fraud,” said Joseph […]

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State Securities Regulators Report Increases in Enforcement Actions, Money Ordered Returned to Investors & Years of Incarceration for Securities Law Violations

WASHINGTON (December 12, 2006) – State securities regulators today reported significant increases in the number of enforcement actions, money ordered returned to investors, and years of incarceration for securities law violations during the most recent reporting period. “These statistics reflect the ongoing vigilance of state securities regulators to protect Main Street investors from fraud,” said Joseph […]

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NASAA Statement on Consolidation of Securities Industry SROs

WASHINGTON (November 28, 2006) – The following is a statement from Joseph P. Borg, President of the North American Securities Administrators Association (NASAA) and Director of the Alabama Securities Commission, on the announcement by NASD and NYSE Group, Inc. that they have signed a letter of intent to consolidate their member regulation operations into a new […]

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SEC, NASAA Announce Continuation of IARD System Fee Waiver

WASHINGTON, D.C. (October 26, 2006) – The U.S. Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) today announced they will continue to waive for two years the annual system fees paid by investment adviser firms to maintain the Investment Adviser Registration Depository (IARD) system.  The SEC and NASAA also announced a […]

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NASAA Warns Online Investors to Beware of Hack Attacks

Investors Urged to Carefully Monitor Online Trading Accounts WASHINGTON (October 26, 2006) – The North American Securities Administrators Association today warned investors to carefully monitor their online trading accounts in the wake of “hack attacks” in which predators have broken into customer accounts at online brokerages in the United States and Canada and made unauthorized trades […]

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NASAA Applauds Enactment of Legislation to Protect Military Personnel From Unscrupulous Sales of Insurance and Investment Products

The Military Financial Services Protection Act Signed Into Law WASHINGTON, D.C. (September 29, 2006) —The North American Securities Administrators Association Inc. today applauded the enactment of legislation to protect military personnel from unscrupulous sales of insurance and investment products. Joseph P. Borg, NASAA President and Director of the Alabama Securities Commission, said he is pleased that […]

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NASAA Installs New President, Board of Directors

Alabama’s Joseph P. Borg Named NASAA President; North Dakota’s Karen Tyler to Serve as President-Elect SAN DIEGO, CALIFORNIA (September 19, 2006) – Joseph P. Borg, Director of the Alabama Securities Commission, today was elected to a second one-year term as President of the North American Securities Administrators Association (NASAA) after serving as NASAA President in 2001-2002. […]

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2006 Presidential Speech, Alabama Securities Commission Director Joseph Borg

September 19, 2006, NASAA Annual Conference, San Diego, California

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NASAA Examinations Identify Top BD Compliance Deficiencies

State Securities Regulators Propose Series of Best Practices SAN DIEGO, CALIFORNIA (September 18, 2006) – The North American Securities Administrators Association (NASAA) at its annual conference here today announced a series of recommended best practices for broker-dealers to consider in order to improve their compliance practices and procedures. NASAA President Patricia D. Struck said the […]

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