All: Newsroom

Promises, promises: Investors warned about risky, fraudulent promissory notes

Con artists target elderly, even pray with victims to gain their trust Washington, D.C. (July 19, 1999) — State securities regulators are warning investors about promissory notes, often sold by insurance agents, that promise high interest rates but are in fact very risky and often fraudulent. Many victims are elderly, like an Indiana woman in […]

1999 Headlines, Newsroom, Senior News & Alerts Read more

Longer stock trading hours mustn’t shorten investors’ time horizons, state securities regulators warn

WASHINGTON (June 30, 1999) – Longer stock trading hours must not encourage Main Street investors to shorten their investment time horizons, state securities regulators cautioned today, as a regulatory summit opened on extending trading sessions at the major US stock markets. “We’re now a nation of stockholders and the markets are reacting by offering convenience—just […]

1999 Headlines, Newsroom Read more

Martin Frankel case: A phone call could’ve saved billions, note state securities cops

Computer database, available to the public, contains work, disciplinary records on 600,000 stockbrokers WASHINGTON (June 24, 1999)– One phone call to state securities regulators about Martin R. Frankel, the missing Connecticut money manager, could’ve saved investors their money, a leading state securities regulator said today. Bradley Skolnik, Indiana Securities Commissioner and incoming president of the […]

1999 Headlines, Newsroom Read more

Small companies in Mid-Atlantic offered way to streamline securities sales

WASHINGTON (June 10, 1999) – Small businesses in the Mid-Atlantic region that want to raise capital by selling securities can take part in a new program offered by state securities regulators that streamlines the review process, potentially saving them time and money. The Mid-Atlantic Regional Review (MARR) program is offered by Delaware, Maryland, New Jersey, […]

1999 Headlines, Newsroom Read more

Investment advisers will soon face new “competency” exam

WASHINGTON (June 7, 1999) – If you’re thinking of hanging out a shingle to offer investment advice, soon you’ll have to take a new exam to show you know your stuff. Starting January 1 state securities regulators will require new investment advisers to take a 130-question “competency exam” that will cover subjects such as economics, […]

1999 Headlines, Newsroom Read more

Investment advisers will soon face new "competency" exam

WASHINGTON (June 7, 1999) – If you’re thinking of hanging out a shingle to offer investment advice, soon you’ll have to take a new exam to show you know your stuff. Starting January 1 state securities regulators will require new investment advisers to take a 130-question “competency exam” that will cover subjects such as economics, […]

1999 Headlines, Newsroom Read more

Day traders need more protection against abuses, say state regulators

WASHINGTON (May 28, 1999) — Stock day traders need more disclosure about the risks of hyperactive trading—to protect themselves and stem further abuses in the industry, a group of state securities regulators said today. The North American Securities Administrators Association (NASAA) endorsed new rules proposed by the National Association of Securities Dealers (NASD) that enhance […]

1999 Headlines, Newsroom Read more

State Securities Cops Release New List of “Top 10 Investment Scams”

`Day-trading` seminars, promissory notes, viatical investments make ranking WASHINGTON (May 24, 1999) – State securities regulators today released a list of the Top 10 Scams they are combating, adding pricey day-trading seminars, supposedly high-yielding promissory notes and investments in viatical settlements (interests in the life insurance policies of supposedly terminally ill people) to the second-annual […]

1999 Headlines, Newsroom Read more

State Securities Cops Release New List of "Top 10 Investment Scams"

`Day-trading` seminars, promissory notes, viatical investments make ranking WASHINGTON (May 24, 1999) – State securities regulators today released a list of the Top 10 Scams they are combating, adding pricey day-trading seminars, supposedly high-yielding promissory notes and investments in viatical settlements (interests in the life insurance policies of supposedly terminally ill people) to the second-annual […]

1999 Headlines, Newsroom Read more

NASAA commends Senators Levin, Schumer and Gramm for preserving principle of “functional regulation” in financial services modernization bill (S. 900)

WASHINGTON (May 7, 1999) – A group representing state securities regulators today commended the Senate for preserving the principle of functional regulation in the financial services modernization bill (S. 900) passed Thursday evening. State regulators have consistently expressed concerns, in Congressional testimony, about securities products sold at banks without the investor protection provided by state […]

1999 Headlines, Newsroom Read more