Newsroom
December 1, 2008
Prosper Marketplace Inc. Enters Settlement With State Securities Regulators Over Sales of Unregistered Securities
Online ‘Peer-to-Peer’ Lending Service Agrees to $1 Million Penalty WASHINGTON, D.C. December 1, 2008 — The North American Securities Administrators Association (NASAA) today announced that state securities regulators have reached a settlement in principle with Prosper Marketplace, Inc., an online “peer-to peer” lending service, to resolve matters relating to the sale and offer of unregistered […]
November 26, 2008
NASAA to Host Financial Services Regulatory Reform Roundtable
WASHINGTON, D.C. November 26, 2008 — The North American Securities Administrators Association (NASAA) will host a Regulatory Reform Roundtable to outline the essential elements the incoming Obama Administration and the 111th Congress should consider to ensure that the ongoing policy debate over the future of the nation’s financial services regulatory structure promotes positive and progressive […]
November 24, 2008
Feeling the Squeeze: NASAA Offers Sandwich Generation Relief
State and Provincial Securities Regulators Reach Out to Investors Sandwiched Between Competing Financial Responsibilities WASHINGTON, D.C. November 24, 2008 — The North American Securities Administrators Association (NASAA) today announced a new investor education program to provide members of the Sandwich Generation–adults who are raising children while taking care of aging parents–with the information and tools they […]
November 19, 2008
NASAA Outlines Core Principles for Regulatory Reform in Financial Services
WASHINGTON, D.C. November 19, 2008 — The North American Securities Administrators Association today released five core principles to help guide the ongoing policy debate over the changes necessary to strengthen the nation’s financial services regulatory structure. “Our system of financial services regulation must be improved to better protect our investors, our markets and our economy […]
November 10, 2008
State Securities Regulators Remind Auction Rate Securities Investors to Contact Firms About Buyback Offers
WASHINGTON, D.C. November 10, 2008 — As state securities regulators continue their efforts to provide relief to investors who have had their funds frozen in the auction rate securities (ARS) market, the North American Securities Administrators Association (NASAA) today reminded ARS investors of their redemption opportunities, which were reached as part of the settlements between […]
October 30, 2008
SEC, NASAA Announce IARD System Fee Waiver
Washington, D.C. — The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today announced they will waive the initial set-up and annual system fees paid by investment adviser firms to maintain the Investment Adviser Registration Depository (IARD) system. Separately, NASAA announced that for next year it will also waive those system […]
October 14, 2008
AARP and NASAA Launch “Free Lunch Seminar Monitor” Program
Older Americans Increasingly Targeted By Financial Scammers WASHINGTON (October 14, 2008) – With fraud and scams on the rise, older Americans remain a primary target for unscrupulous individuals. In collaboration with the North American Securities Administrators Association (NASAA), AARP today announces the Free Lunch Seminar Monitor program, which gives individuals an opportunity to fight back […]
October 8, 2008
State Securities Regulators Announce Settlement with Bank of America and RBC Capital Markets Corp. in Auction Rate Securities Investigations
WASHINGTON, D.C. October 8, 2008 — The North American Securities Administrators Association (NASAA) today announced that Bank of America Securities LLC, Bank of America Investment Services, Inc., RBC Capital Markets Corporation (on behalf of its affiliates including Ferris Baker Watts, Inc. and J. B. Hanauer & Co.) and state and federal securities regulators have reached […]
October 2, 2008
California Gov. Schwarzenegger Signs Senior Investor Protection Legislation Into Law
California and Alabama Join Growing Number of States to Adopt Provisions Based on NASAA Model Rule on the Use of Senior Certifications and Professional Designations WASHINGTON, D.C. October 2, 2008—The North American Securities Administrators Association today commended California Governor Arnold Schwarzenegger for signing into law important senior investor protection legislation based on NASAA’s Model Rule […]
September 25, 2008
