December 1, 2014–“While self-directed IRAs can be a safe way to invest retirement funds, investors should understand that third-party custodians have limited duties to investors,” said William Beatty, NASAA President and Washington Securities Director.
November 20, 2014–High-yield investment programs, or HYIPs, are Ponzi schemes sold by unlicensed individuals.
November 12, 2014–“Many of the top threats facing investors involve new products in classic schemes,” said William Beatty, NASAA President and Washington Securities Director. “Regulators are seeing classic threats to investors morph into new or altered dangers, many fueled by the Internet. Overarching all of these threats are unlicensed agents selling unregistered products to unsuspecting investors.”
November 4, 2014–Enforcement Report Shows Unlicensed Individuals, Firms Continue as Greatest Source of State Enforcement Actions
October 29, 2014–NASAA Task Force Monitoring Internet for Fraud Following Outbreak of Ebola-Related Website Names
September 16, 2014–An adaptation of remarks given at NASAA’s Annual Conference on September 16, 2014 by William Beatty, NASAA President and Washington Securities Director, and Andrea Seidt, NASAA Past President and Ohio Securities Commissioner.
Click here to download the Fall, 2014 edition What’s Inside: William Beatty Elected NASAA President NASAA Launches Initiative Focusing on Seniors President’s Message States See Increase in Prison Sentences for Securities Law Violators NASAA Working Toward Improved Fee Disclosure Survey Explores IA Cybersecurity Risk A Presidential Conversation Annual Conference Photo Gallery NASAA Recognizes Accomplishments of […]
October 20, 2014–NASAA Continues Reduced System Fees for Investment Adviser Representatives
October 8, 2014–“NASAA has consistently raised concerns about the mandatory predispute resolution process and the report issued by PIABA notes additional important issues related to arbitrator disclosure and transparency that merit further review. NASAA continues to support the Investor Choice Act, introduced by Rep. Keith Ellison (D-MN) and supported by 30 House members, which would provide investors an opportunity to seek resolution of their claims through the court system.”
September 29, 2014–Aggressive Enforcement By State Securities Regulators Brings Criminals to Justice