All: Newsroom

NASAA names Marc Beauchamp new executive director

WASHINGTON (March 15, 2000) – The North American Securities Administrators Association (NASAA) today named Marc Beauchamp its new executive director. Beauchamp, 47, joined NASAA two years ago as its communications director. He previously held similar posts with the Nasdaq Stock Market and its parent, the National Association of Securities Dealers. In the early Nineties, he […]

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Movie “Boiler Room” Wins “Thumbs Up” from Top State Securities Cop

WASHINGTON (February 1, 2000) – The soon-to-be-released motion picture “Boiler Room” won praise today from the nation`s top state securities cop for shining the spotlight on a criminal subculture on Wall Street that has stolen hundreds of millions-perhaps billions-of dollars from investors. “[Writer-director] Ben Younger deserves to be commended for this realistic, insider`s view” of […]

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Movie "Boiler Room" Wins "Thumbs Up" from Top State Securities Cop

WASHINGTON (February 1, 2000) – The soon-to-be-released motion picture “Boiler Room” won praise today from the nation`s top state securities cop for shining the spotlight on a criminal subculture on Wall Street that has stolen hundreds of millions-perhaps billions-of dollars from investors. “[Writer-director] Ben Younger deserves to be commended for this realistic, insider`s view” of […]

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Wall Street crime should earn prison time, says top state regulator

Law enforcement summit planned to boost number of criminal cases WASHINGTON (January 9, 2000) – White-collar criminals who commit securities fraud deserve prison time just like thieves, muggers and murderers, a leading securities regulator said today. “Someone steals your car, they go to prison. A con artist steals the money your parents need for retirement, […]

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NASAA Winter Enforcement Conference, NASAA President Brad Skolnik

January 9, 2000, NASAA Winter Enforcement Conference, NASAA President Brad Skolnik, San Diego, California

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High on Technology Stocks? The Antidote: Diversification

A Portfolio, Patience Important for Investors of All Ages, Says Top State Regulator WASHINGTON (January 4, 2000) – Noting the recent euphoria over technology stocks, a leading securities regulator today urged investors of all ages not to forget the time-tested strategy of diversification and patience. “With Nasdaq up 85% last year and technology such a […]

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New Investment Advisers Must Take “Competency Exam” Starting Jan. 1

Series 65 Revamped to Test Economics, Investment Vehicles, ethics WASHINGTON (December 27, 1999) — Starting January 1, new investment advisers will have to take a “competency exam” to show that they know what they’re talking about. New advisers will have to take a 130-question state exam that tests their knowledge of economics, investment vehicles, investment […]

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New Investment Advisers Must Take "Competency Exam" Starting Jan. 1

Series 65 Revamped to Test Economics, Investment Vehicles, ethics WASHINGTON (December 27, 1999) — Starting January 1, new investment advisers will have to take a “competency exam” to show that they know what they’re talking about. New advisers will have to take a 130-question state exam that tests their knowledge of economics, investment vehicles, investment […]

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Despite crackdown, small-stock fraud remains serious problem

State securities cops warn of Internet hype, high-pressure cold-callers WASHINGTON (December 16, 1999) – Despite a crackdown in recent years by state, industry and federal securities regulators, small-stock fraud remains a serious problem, costing investors many millions of dollars each year. The bull market on Wall Street shouldn’t lull investors into letting their guard down, […]

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NASAA Statement on Selective Disclosure Issue

(December 15, 1999) – The following is a statement by NASAA President  and Indiana Securities Commissioner Bradley W. Skolnik: In the age of the Internet and 24-hour financial news, there’s no reason for an uneven information playing field on Wall Street. Why shouldn’t investors on Main Street have access to the same information as the pros […]

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