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Beware of oil and gas schemes, state securities regulators warn investors

Con artists may seek to exploit fears over Mideast, oil supply WASHINGTON (March 6, 2003)  - With oil prices near $40 a barrel because of supply shortages and Mideast war fears, state securities regulators anticipate an increase in oil and gas scams. Regulators in at least seven states — Kansas, Kentucky, Ohio, Oklahoma, Texas, Washington […]

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NASAA Board action on investment adviser SRO idea

(February 24, 2003) – The NASAA Board of Directors earlier this month voted to recommend to the membership that NASAA rescind its 1989 vote endorsing a self-regulatory organization (SRO) for investment advisers. Following passage of the National Securities Markets Improvement Act of 1996, regulation of investment advisers was divided between the Securities and Exchange Commission […]

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NASAA statement on the confirmation of William Donaldson as chairman of the Securities and Exchange Commission

February 14, 2003 - The North American Securities Administrators Association (NASAA) issued the following statement today, following the Senate confirmation of William Donaldson as the new chairman of the Securities and Exchange Commission: State securities regulators look forward to working with Chairman Donaldson on issues that affect Main Street investors. Without question, he faces one of […]

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NASAA Executive Director to depart

WASHINGTON (February 4, 2003) — The North American Securities Administrators Association (NASAA) announced today that its executive director, Marc Beauchamp, will leave his position at the end of February. Beauchamp joined NASAA in January 1998 as communications director; he became executive director in March of 2000. Christine Bruenn, NASAA’s president and Maine securities administrator, said: […]

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NASAA Statement on Oxley-Baker Mutual Fund Fee Initiative

(January 15, 2003) – The North American Securities Administrators Association today issued the following statement: NASAA supports Chairmen Michael Oxley and Richard Baker’s request for a study by the General Accounting Office of current trends in mutual fund fees, disclosure and transparency. When evaluating mutual funds, investors need more information as well as more understandable […]

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State Securities Regulators Endorse Uniform Securities Act (2002)

CHARLESTON (January 6, 2003)  – State securities regulators at a special meeting of the North American Securities Administrators Association (NASAA), Saturday, endorsed the new Uniform Securities Act (2002). The new Act modernizes the Uniform Securities Act of 1956 and conforms state law to recent amendments in federal securities laws. The USA 2002 provides state securities […]

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NASAA unveils legislative agenda that “puts investors first”

Investors need more information, education, protection: state regulators WASHINGTON (December 23, 2002)– Investors need more information, more education and more protection, say state securities regulators, who today laid out their legislative agenda for 2003 and the 108th Congress. “These are trying times for investors,” said Christine Bruenn, president of the North American Securities Administrators Association […]

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NASAA unveils legislative agenda that "puts investors first"

Investors need more information, education, protection: state regulators WASHINGTON (December 23, 2002)– Investors need more information, more education and more protection, say state securities regulators, who today laid out their legislative agenda for 2003 and the 108th Congress. “These are trying times for investors,” said Christine Bruenn, president of the North American Securities Administrators Association […]

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SEC, NY Attorney General, NYSE, NASD, NASAA Reach Agreement on Reforming Wall Street Practices

(October 3, 2002) – Today the Securities and Exchange Commission, the New York State Attorney General’s Office, the New York Stock Exchange, the NASD and the North American Securities Administrators Association announced a joint effort to bring to a speedy and coordinated conclusion the various investigations concerning analyst research and IPO allocations. The undertaking is […]

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NASAA President Christine Bruenn`s Speech to Annual Conference

Regulators must act to restore investor confidence, says top state securities cop; New NASAA President Christine Bruenn urges continued cooperation among federal, state and industry regulators; vows to fight pre-emption  WASHINGTON (October 1, 2002) – The nation’s top state securities cop said today regulatory action is key to restoring investor confidence in the markets. Christine Bruenn, […]

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