NASAA President Peter Hildreth's Remarks on Day Trading Report
August 9, 1999, NASAA News Conference, Washington, D.C.
All: Newsroom
NASAA President Peter Hildreth’s Remarks on Day Trading Report
August 9, 1999, NASAA News Conference, Washington, D.C.
Securities regulators seek input on database for investment advisers
An open forum to gather ideas is scheduled for Sept. 27 WASHINGTON (August 5, 1999) – State and federal securities regulators are seeking ideas from the financial planning industry, trade groups, consumer organizations and others as they design an electronic database to contain records on investment adviser firms and investment adviser representatives. The system, to […]
SEC microcap fraud actions: State securities regulators issue statement
(August 3, 1999) – As the SEC announced another microcap fraud sweep this morning, Peter C. Hildreth, New Hampshire’s director of securities regulation and president of the North American Securities Administrators Association (NASAA) issued the following statement: These latest actions are another victory in the war against microcap stock fraud. Working together regulators are winning. […]
State securities regulators repeat warnings about stock day trading
WASHINGTON (July 30, 1999) – In wake of the tragedy in Atlanta on Thursday, the North American Securities Administrators Association (NASAA) issued the following statement: The majority of the day trading firms state securities regulators have investigated in the past year have misled customers by exaggerating the potential profits of day trading and downplaying the […]
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 […]
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 […]
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 […]
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, […]
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, […]
