The North American Securities Administrators Association (NASAA) today (July 10, 2001) issued the following statement after the announcement that Richard Walker was resigning as the SEC’s Director of Enforcement: “Dick Walker brought a passion and a commitment to his work that truly inspired others,” said Deborah Bortner, NASAA president and Washington State’s director of securities. […]

The North American Securities Administrators Association (NASAA) today (July 10, 2001) issued the following statement after the announcement that Richard Walker was resigning as the SEC’s Director of Enforcement: “Dick Walker brought a passion and a commitment to his work that truly inspired others,” said Deborah Bortner, NASAA president and Washington State’s director of securities. […]

(June 26, 2001) – “There has been too much confusion about what the Securities Investor Protection Corporation is and what it does,” said Marc Beauchamp, executive director of the North American Securities Administrators Association. “The General Accounting Office`s recommendations, if followed, would help investors by clearing up some of the misconceptions about SIPC insurance, what […]

(May 10, 2001) – “Harvey Pitt has had a distinguished career, both in public service and in private practice,” said Marc Beauchamp, executive director of the North American Securities Administrators Association. “He is one of the top securities lawyers in the country. Because of his experience at the Securities and Exchange Commission, he understands how […]

WASHINGTON (April 23, 2001) – State securities regulators today released a list of the top 10 investment scams they are combating. New to the third annual list are risky payphone and ATM investments, often sold by independent life insurance agents, and so-called “callable” certificates of deposit sold to older Americans despite their 10- to 20-year […]

Group Unveils Informational Brochure On Promissory Notes Washington, D.C., April 12, 2001 – In an effort to ensure that the 78 million Americans who own securities are better informed about the ins and outs of investing, the National Association of Securities Dealers, the North American Securities Administrators Association, the Securities and Exchange Commission, and the […]

(March 20, 2001) – These guidelines are an effort to strike the right balance between investor protection and marketplace and technological innovation. They do not attempt to address every possible scenario; there remains a lot of gray area. But these guidelines begin to bring needed clarity to this important area. In attempting to set out […]

Losses estimated at $76 million so far WASHINGTON (March 13, 2001) – State securities regulators from Washington state to Florida today announced actions against individuals and companies that promised high returns from risky or fraudulent investments in pay telephones. Securities regulators in 25 states¹ and the District of Columbia participated in the crackdown, identifying nearly […]

(March 1, 2001) – “The North American Securities Administrators Association supports congressional efforts to provide the staff of the Securities and Exchange Commission with much-needed pay parity with their counterparts at the federal banking agencies,” said Marc Beauchamp, NASAA`s executive director. State securities regulators understand the difficulties the SEC faces in recruiting and retaining a […]

WASHINGTON (January 22, 2001) – State securities regulators released their federal legislative agenda Monday, urging final approval of bills that would enhance prosecution of abuses in the “micro-cap” market, impose greater accountability for federal preemption of state laws and simplify investor scrutiny of investment advisers. “With these proposals, Congress has an opportunity to both streamline […]