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NASAA Statement Regarding SEC Pay Parity

(February 4, 2002) – “At a time when investors, the government and industry are looking for securities regulators to do more, we are troubled that there is no money in the proposed budget to raise the pay of staff at the Securities and Exchange Commission to match that of their counterparts at the federal banking […]

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“Prime bank” scams on the rise, state securities regulators warn

Low interest rates, distrust of government, Internet fuel billions in losses; Bogus schemes likened to Wall Street’s “X-Files,” called “Fraud of the Century.” WASHINGTON (January 17, 2002) – With low interest rates and volatile equity markets causing Americans to rethink their investment strategies, state securities regulators warned Thursday that losses from “prime bank” scams – […]

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NASAA Statement on Brokerage Account Transfers

November 19, 2001 The North American Securities Administrators Association (NASAA) is advising brokerage firms that state securities regulators oppose any actions by firms that interfere with customers` requests to transfer their accounts to brokers or firms of their choice. Background Many securities firms routinely enter into written non-solicitation agreements with their brokers as a condition […]

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NASAA Statement on Appointment of Stephen Cutler as SEC’s New Enforcement Director

October 25, 2001 – The North American Securities Administrators Association (NASAA) issued the following statement today following news of Stephen Cutler’s appointment as Director of the Division of Enforcement of the U.S. Securities and Exchange Commission: NASAA President Joseph Borg, director of the Alabama Securities Commission, said: “Steve Cutler is an excellent choice. He has the […]

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NASAA statement on SEC approval of new books and records rules

WASHINGTON (October 25, 2001) – The North American Securities Administrators Association (NASAA) today issued the following statement after the Securities and Exchange Commission adopted final amendments to its broker-dealer books and records rules (Rule 17a-3 and Rule 17a-4 under the Securities Exchange Act of 1934): “These long awaited rules will promote uniform, efficient examination of […]

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President’s Remarks, 2001 SIA Small Firms Conference

October 12, 2001, NASAA President Joseph Borg, SIA Small Firms Conference, Ft. Lauderdale, Florida

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President's Remarks, 2001 SIA Small Firms Conference

October 12, 2001, NASAA President Joseph Borg, SIA Small Firms Conference, Ft. Lauderdale, Florida

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NASAA Statement on Laura Unger’s Departure from the SEC

October 10, 2001 – The North American Securities Administrators Association (NASAA) issued the following statement after the announcement that Commissioner Laura Unger intends to resign from the Securities and Exchange Commission this fall: “Commissioner Unger recognized early on the many possible issues raised by online brokerage and her approach was both thoughtful and deliberate,” said […]

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NASAA Issues Top Five List of Investments to be Wary About

Don’t let low rates push you into bad investments, state regulators warn WASHINGTON (October 1, 2001) – With Tuesday’s interest rate cuts by the Federal Reserve pushing yields on fixed investments such as certificates of deposit and bonds to their lowest levels in years, states securities regulators today issued a list of the “Top Five” […]

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NASAA Names New Leadership Team

WASHINGTON (September 26, 2001) – Joseph Borg, president of the North American Securities Administrators Association and director of the Alabama Securities Commission, today announced the organization`s new board members and the chairs of its main committees. Joining Borg on NASAA`s nine-member board of directors are: Christine Bruenn, (president-elect) administrator of the Maine Securities Division; Deborah […]

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