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September 10, 2007
2007 Seniors Summit, NASAA President Joseph Borg
September 10, 2007, Senior Summit, Washington, D.C.
September 10, 2007
“Free Lunch” Investment Seminar Examinations Uncover Widespread Problems, Perils for Older Investors
WASHINGTON, D.C. (September 10, 2007)– During a Seniors Summit held today at the Securities and Exchange Commission, securities regulators released a joint report summarizing the results of their examinations of “free lunch” investment seminars. The year-long examination was conducted by the SEC, the Financial Industry Regulatory Authority (FINRA) and state securities regulators (members of NASAA, the […]
September 10, 2007
State Securities Regulators Issue Senior Investor Alert
NASAA says retirees and those nearing retirement remain vulnerable as they manage a lifetime of savings WASHINGTON, D.C. (September 10, 2007) —The North American Securities Administrators Association (NASAA) today issued a Senior Investor Alert warning that retirees and those nearing retirement can face serious traps as they manage the savings they have accumulated throughout their working […]
September 5, 2007
NASAA Outlines Dangers Facing Senior Investors
Borg: “States have been in the vanguard developing innovative regulatory responses to fight senior investment fraud.” WASHINGTON, D.C. (September 5, 2007)—The North American Securities Administrators Association (NASAA) today told a Congressional panel that senior investors are being targeted through “free lunch” investment seminars by predators holding professional-sounding designations that can be nothing more than empty marketing […]
August 30, 2007
NASAA To Outline Efforts to Protect Seniors from Misleading ‘Free Lunch’ Investment Seminars and Professional Designations
NASAA President Joseph P. Borg to Testify Before U.S. Senate Special Committee on Aging WASHINGTON, D.C. (August 30, 2007) – North American Securities Administrators Association (NASAA) President and Alabama Securities Commission Director Joseph P. Borg will discuss ongoing efforts of state securities regulators to protect senior investors from misleading “free lunch” seminars and professional designations […]
August 14, 2007
NASAA and NAA Foundation Launch ‘FSI: Fraud Scene Investigator’
New Online Investor Education Program Teaches Students to Fight White-Collar Crime WASHINGTON, D.C. (August 14, 2007) – The North American Securities Administrators Association Inc. (NASAA) and the Newspaper Association of America (NAA) Foundation today launched FSI: Fraud Scene Investigator, an innovative online initiative to help teach students how to fight investment fraud firsthand. “FSI: Fraud […]
August 7, 2007
NASAA to Participate in National Seniors Summit September 10
Summit to Bring Together Leading Senior Investor Protection Authorities WASHINGTON (August 7, 2007) —The North American Securities Administrators Association (NASAA) will participate in the second annual Seniors Summit, hosted by the U.S. Securities and Exchange Commission, September 10, 2007 in Washington, D.C., NASAA President Joseph P. Borg said today. (Click here for registration details.) The […]
August 6, 2007
NASAA Leaders Address National Conference of State Legislatures
WASHINGTON, D.C. (August 6, 2007) —North American Securities Administrators Association (NASAA) President Joseph P. Borg and President-elect Karen Tyler represented state securities regulators at the National Conference of State Legislatures’ (NCSL) 2007 Strong States Strong Nation Legislative Summit in Boston. In testimony before the NCSL’s Communications, Financial Services and Interstate Commerce Committee, Borg, Director of […]
July 11, 2007
NASAA Outlines Concerns About Risks to Retail Investors from IPOs of Private Equity and Hedge Fund Firms
Full text of testimony available here. WASHINGTON, D.C. (July 11, 2007) —North American Securities Administrators Association (NASAA) President Joseph P. Borg today told a Congressional panel that allowing public offerings of private equity and hedge fund management firms without appropriate regulatory protections puts retail investors at risk. “Due to a lack of transparency, the level […]
May 22, 2007
