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Agenda Highlights Policy Priorities to Put Investor Interests First

WASHINGTON, DC, March 5, 2019 – The North American Securities Administrators Association (NASAA) today released its legislative agenda for the 116th Congress, which advocates for bipartisan policy making that puts the interests of America’s retail investors first and ensures our nation’s securities and financial markets remain vibrant and secure in the 21st century.

“NASAA’s legislative agenda lays out a series of actions Congress and other agencies can take to prioritize retail investor interests and ensure the integrity of the capital markets. We have developed specific recommendations for promoting investor protection, safer capital formation and innovation in the modern securities marketplace to help inform Congressional action to the benefit of American investors,” NASAA President and Vermont Department of Financial Regulation Commissioner Michael Pieciak said at a briefing on Capitol Hill.

Pieciak outlined four overarching principles that state securities regulators will support in legislation introduced in the 116th Congress, including those designed to:

  • Put Main Street Investors First
  • Ensure the Integrity of our Capital Markets
  • Foster Capital Formation and Market Transparency
  • Ensure Investor Rights in a 21st Century Marketplace

Claire McHenry, Chair of NASAA’s Federal Legislation Committee and Deputy Director of the Nebraska Securities Bureau, said NASAA has not wavered in its message to Congress over the years. “Our message to Congress has been consistent: Encourage responsible financial innovation without compromising essential protections for investors, at both the federal and state levels.”

Formed in 1919, NASAA is the oldest international organization focused on investor protection. In the United States NASAA is the voice of state securities regulators. As the securities regulators closest to investors, as well as many startup and small businesses, NASAA members have a unique perspective on national policy issues.

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Bob Webster | Director of Communications