All: Enforcement Activity

State Securities Regulators Announce Hotline and Website for E*Trade ARS Investors

January 18, 2012 – NASAA announces that a toll-free hotline and website have been established to assist investors who purchased auction rate securities (ARS) through E*TRADE Securities LLC.

ARS, Current Headlines, Newsroom Read more

State Securities Regulators Announce Settlement with E*TRADE in Auction Rate Securities Investigations

October 19, 2011 – NASAA today announced that a settlement in principle has been reached between E*TRADE Securities LLC and state securities regulators to return approximately $100 million to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market since 2008.

ARS, Current Headlines, Newsroom Read more

Legal Reports and Studies

Investigative Report on “Free Lunch” Seminars Report of the Task Force on the Future of Shared State and Federal Securities Regulation Functional Regulation in the 21st Century: What’s Reasonable for Investor Protection and for Agents Selling Variable Annuities? NASAA Day Trading Report & Analysis In 1999, NASAA issued an extensive report based on a seven-month […]

Enforcement Activity, Legal Activity, Reports and Studies Read more

Legal Briefs

NASAA plays an important role in representing the membership’s position, including as amicus curiae, in significant legal proceedings that may have a widespread impact upon securities regulators and the rights of investors. An index of all NASAA legal briefs is below. 02/05/14 NASAA and AARP joint brief to the U.S. Supreme Court in Halliburton and […]

Enforcement Activity, Legal Briefs Read more

State Securities Regulators Announce Settlement with Stifel, Nicolaus & Co., Inc. in Auction Rate Securities Investigations

WASHINGTON, D.C. December 29, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Stifel, Nicolaus & Co., Inc. and state securities regulators to provide relief for the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. The settlement […]

Read more

State Securities Regulators Announce Settlement with Stifel, Nicolaus & Co., Inc. in Auction Rate Securities Investigations

WASHINGTON, D.C. December 29, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Stifel, Nicolaus & Co., Inc. and state securities regulators to provide relief for the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. The settlement […]

Read more

State Securities Regulators Announce $1.3 Billion Settlement with Wells Fargo Investors in Auction Rate Securities Investigations

WASHINGTON, D.C. November 18, 2009 – The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. Since […]

Read more

State Securities Regulators Announce Settlement with TD Ameritrade in Auction Rate Securities Investigations

WASHINGTON, D.C. July 20, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between online brokerage TD Ameritrade, Inc. and state securities regulators to return approximately $456 million to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. […]

Read more

ARS Arbitration Information Center

Here you will find general information regarding the Special Arbitration Procedures applicable to the ARS settlements.  There may be certain differences in the SAP’s, depending on the firm.  In this case, as soon as these differences are known, NASAA will enumerate them here along with appropriate updates to the general procedure and appropriate instructions. Several […]

Read more

State Securities Regulators Remind Auction Rate Securities Investors to Contact Firms About Buyback Offers

WASHINGTON, D.C. November 10, 2008 — As state securities regulators continue their efforts to provide relief to investors who have had their funds frozen in the auction rate securities (ARS) market, the North American Securities Administrators Association (NASAA) today reminded ARS investors of their redemption opportunities, which were reached as part of the settlements between […]

Read more