2008 Headlines
November 10, 2008
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 […]
October 30, 2008
SEC, NASAA Announce IARD System Fee Waiver
Washington, D.C. — The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today announced they will waive the initial set-up and annual system fees paid by investment adviser firms to maintain the Investment Adviser Registration Depository (IARD) system. Separately, NASAA announced that for next year it will also waive those system […]
October 14, 2008
AARP and NASAA Launch “Free Lunch Seminar Monitor” Program
Older Americans Increasingly Targeted By Financial Scammers WASHINGTON (October 14, 2008) – With fraud and scams on the rise, older Americans remain a primary target for unscrupulous individuals. In collaboration with the North American Securities Administrators Association (NASAA), AARP today announces the Free Lunch Seminar Monitor program, which gives individuals an opportunity to fight back […]
October 8, 2008
State Securities Regulators Announce Settlement with Bank of America and RBC Capital Markets Corp. in Auction Rate Securities Investigations
WASHINGTON, D.C. October 8, 2008 — The North American Securities Administrators Association (NASAA) today announced that Bank of America Securities LLC, Bank of America Investment Services, Inc., RBC Capital Markets Corporation (on behalf of its affiliates including Ferris Baker Watts, Inc. and J. B. Hanauer & Co.) and state and federal securities regulators have reached […]
October 2, 2008
California Gov. Schwarzenegger Signs Senior Investor Protection Legislation Into Law
California and Alabama Join Growing Number of States to Adopt Provisions Based on NASAA Model Rule on the Use of Senior Certifications and Professional Designations WASHINGTON, D.C. October 2, 2008—The North American Securities Administrators Association today commended California Governor Arnold Schwarzenegger for signing into law important senior investor protection legislation based on NASAA’s Model Rule […]
September 25, 2008
NASAA Cautions Main Street Investors Against Making Uninformed, Sudden Decisions Amid Wall Street Crisis
Joseph: “In times of confusion, fear and uncertainty, there are always those who will try to prey on the investing public.” WASHINGTON, D.C. September 25, 2008 – The North American Securities Administrators Association (NASAA) today cautioned Main Street investors against making sudden and uninformed decisions amid the ongoing market volatility and unprecedented turmoil on Wall […]
September 22, 2008
Regulators Release New Report to Assist Financial Services Firms in Serving Older Investors
Washington, D.C., Sept. 22, 2008 – As part of the Securities and Exchange Commission’s third annual Seniors Summit held in Washington today, the staff of the SEC along with the Financial Industry Regulatory Authority (FINRA) and the North American Securities Administrators Association (NASAA) released a joint report outlining practices that financial services firms can use […]
September 17, 2008
NASAA Installs New President, Board of Directors
Colorado Securities Commissioner Fred Joseph Named NASAA President LAS VEGAS, NEVADA, September 17, 2008—Colorado Securities Commissioner Fred Joseph today was elected to a one-year term as President of the North American Securities Administrators Association (NASAA). He succeeds North Dakota Securities Commissioner Karen Tyler. Texas Securities Commissioner Denise Voigt Crawford will serve as NASAA’s President-elect. NASAA […]
September 16, 2008
State Securities Regulators Announce Settlement with Credit Suisse Securities in Auction Rate Securities Investigation
WASHINGTON, D.C. September 16, 2008 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Credit Suisse Securities (USA) LLC and state securities regulators, which will provide relief for the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. The […]
September 11, 2008
