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2004 Headlines

Topic
Year
June 21, 2004

State Securities Regulators to Host Arbitration Forum

Public Forum to be Held as Record Numbers of Investors Turn to Arbitration to Resolve Disputes WASHINGTON (June 21, 2004) —The North American Securities Administrators Association, Inc., today announced plans to host a public forum to explore the strengths and weaknesses of the arbitration process from a variety of perspectives. The “NASAA Listens” Forum is […]
June 2, 2004

Senate Banking Committee Examines Important Role of State Securities Regulators in Protecting Investors

WASHINGTON (June 2, 2004)—In testimony before the Senate Banking Committee, state securities regulators today highlighted the important role states play in protecting investors, whether from abusive mutual fund and variable annuity sales practices or back-office boiler-room operators pitching fly-by-night investment scams. “State securities administrators share a common passion for protecting citizens from investment fraud and […]
May 20, 2004

NASAA Outlines Financial Education Initiatives in Testimony Before Federal Commission

WASHINGTON (May 20, 2004) — North Dakota Securities Commissioner Karen Tyler, on behalf of the North American Securities Administrators Association (NASAA), today outlined for the federal Financial Literacy and Education Commission the important role states play in providing financial education to help people from all walks of life build financial knowledge and security. “State securities […]
May 11, 2004

NASAA Comments on SEC Mutual Fund Proposals

WASHINGTON (May 11, 2004)—In separate comment letters to the SEC, NASAA President and Connecticut Securities Director Ralph Lambiase calls for the agency to eliminate mutual fund 12b-1 fees and suggests that requiring mutual funds to impose a minimum holding period for fund shares would more effectively curtail market-timing abuses than the imposition of a mandatory […]
March 23, 2004

Seniors Face Growing Risk of Internet Investment Fraud, State Securities Regulator Tells Senate Panel

WASHINGTON—Squeezed by rising medical costs and lower returns on income-generating investments, seniors are increasingly turning to the Internet for alternative investment opportunities and are more vulnerable than ever to online investment scams, a representative of the North American Securities Administrators Association (NASAA) told a Senate committee today. “With the Internet becoming a common part of […]
February 25, 2004

NASAA Statement on the Securities Fraud Deterrence and Investor Restitution Act of 2003 (H.R. 2179)

WASHINGTON (February 25, 2004) – The following is a statement by Ralph A. Lambiase, President of the North American Securities Administrators Association (NASAA) and Connecticut Securities Director, on H.R. 2179, the “Securities Fraud Deterrence and Investor Restitution Act of 2003.” “NASAA is pleased that Congress recognizes that state securities regulators are essential partners to federal […]
January 14, 2004

State Securities Regulators Release Top 10 Scams, Schemes & Scandals

Mutual Fund Practices, Senior Investment Fraud, Variable Annuities Join 2004 List WASHINGTON (January 14, 2004) – State securities regulators today forecast that investors will be challenged with increasingly complex and confusing investment frauds and identified the Top 10 schemes investors are likely to see in 2004. New to the North American Securities Administrators Association’s (NASAA) […]
January 14, 2004

State Securities Regulators Release Top 10 Scams, Schemes & Scandals

Mutual Fund Practices, Senior Investment Fraud, Variable Annuities Join 2004 List WASHINGTON (January 14, 2004) – State securities regulators today forecast that investors will be challenged with increasingly complex and confusing investment frauds and identified the Top 10 schemes investors are likely to see in 2004. New to the North American Securities Administrators Association’s (NASAA) […]