Page 3 - 2013_2014 NASAA report

Leadership Message
It isnt more or less regulation
that NASAA seeks, it is simply
smarter regulation regulation
that does not shy away from the
reality that new technologies,
even new modes of investing,
are moving forward and
will continue to evolve, but
affirmatively seeks solutions in
light of that reality to protect both
businesses and investors from
fraud, liability and loss.
Andrea Seidt
NASAA President
Ohio Securities Commissioner
NASAA Activity Report 13-14.indd 3 4/30/2014
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Leadership Message
One of my primary goals as NASAA president is to focus our
members on spreading the word about all of the good work that state
and provincial regulators do.
Our ability to efectively communicate our strengths and abilities
to the outside world, to fellow regulators and policymakers, is what
guarantees our continued role in the global securities markets.
Another key to preserving and expanding our role in the securities
markets is our willingness to modernize state and provincial regulation.
Only by working closely with industry and our fellow regulators in
embracing today s technology will we ever reach our full potential.
Importantly, it isnt more or less regulation that NASAA seeks, it is
simply smarter regulation regulation that does not shy away from the
reality that new technologies, even new modes of investing, are moving
forward and will continue to evolve, but afrmatively seeks solutions in
light of that reality to protect both businesses and investors from fraud,
liability and loss.
As NASAA presidents before me, I cannot look to the future without
asking what we regulators and policymakers can do to better protect
investors. Especially in times of economic recovery, after a signifcant
fnancial crisis, we need to fnd ways to preserve investor wealth and
restore investor confdence in the integrity of our fnancial markets. We
need to do all we can to root out fraud, lock up criminals, and make
civil penalties commensurate with the ofense in an efort to deter
future frauds. Nothing infuriates investors and the general public more
than seeing fraudsters continue about their business without penalty.
Another way to regain investor trust and elevate their confdence in
our markets is to raise securities professionals standard of care.
Te best way for us to restore integrity to our markets is to restore
investor confdence in regulators and industry alike.
In so many ways, we are all in this together.
2:30:46 PM