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War, terror fears could be exploited by con artists, securities regulators warn

WASHINGTON (March 28, 2003) — With the U.S. on the brink of war with Iraq and heightened warnings of terrorism at home, investors should not make panicky financial decisions, state securities regulators advised Tuesday. They also repeated warnings, issued in the wake of the September 11 attacks and at the height of concerns about Year […]

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NYSE’s Dick Grasso to address NASAA conference

Panels will also focus on restitution, arbitration and what investors want from Washington WASHINGTON (March 13, 2003) — Dick Grasso, Chairman and CEO of the New York Stock Exchange, will be the luncheon speaker at the North American Securities Administrators Association’s (NASAA’s) 18th annual Public Policy Conference on Monday April 7th. Grasso plans to address […]

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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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