Current Headlines
July 29, 2025
NASAA Seeks Public Comment on Proposed Amendments to Investment Adviser Advertising Rules
NASAA is seeking public comment on proposed amendments to four rules related to investment adviser advertising. The proposal would update the NASAA rules to align them more closely to federal standards. Comments are due on or before August 28, 2025.
July 28, 2025
NASAA Seeks Public Comment on Proposed NASAA Model Franchise Broker Registration Act
NASAA is requesting public comment on a proposed NASAA Model Franchise Broker Registration Act, more commonly known as the Franchise Broker Act. Comments are due on or before August 27, 2025. This proposal is a revised release of the Franchise Broker Act, originally issued for public comment on May 13, 2024, and incorporates feedback received during the initial comment period.
July 1, 2025
NASAA Statement on U.S. Senate Vote to Uphold State AI Regulations
The following is a statement from Leslie Van Buskirk, President of the North American Securities Administrators Association (NASAA) and Wisconsin Securities Administrator, on the U.S. Senate’s vote to remove a provision from the 2025 budget reconciliation bill that would impose a moratorium on enforcing state-level artificial intelligence (AI) laws or regulations.
June 13, 2025
NASAA Champions Community Resources for World Elder Abuse Awareness Day
In recognition of World Elder Abuse Awareness Day on June 15, the North American Securities Administrators Association (NASAA) reminds financial professionals and the public that they play an important role in helping older investors identify and avoid financial scams. As financial scams targeting older adults continue to rise, NASAA underscores the critical role of community vigilance and education.
June 9, 2025
NASAA Announces Multimillion Settlement with Five Firms
NASAA has announced a multimillion-dollar settlement resulting from an investigation conducted by state securities regulators into the practice of charging unreasonable commissions to retail customers on small dollar transactions by Edward Jones, LPL Financial, RBC, Stifel and TD Ameritrade. In the five-year period covered by the investigation, data shows that, nationwide, the firms charged approximately $19 million to process 1.12 million small dollar equity transactions and trades.
June 2, 2025
NASAA Announces Launch of Investor Protection and Education Foundation and Seeks Nominations for Inaugural Board Members
NASAA today announced the launch of the NASAA Investor Protection and Education Foundation, which is now accepting nominations for its inaugural Board of Directors. The formation of the Foundation was made possible through grants awarded by the Investor Protection Trust.
May 30, 2025
NASAA Urges Congress to Work with States to Foster Innovation and Mitigate Fraud
State securities regulators urge Congress to make important changes to the Digital Asset Market Clarity Act (CLARITY Act) to protect investors and promote responsible innovation.
April 10, 2025
NASAA Statement on Confirmation of Paul Atkins as SEC Chairman
The following is a statement from Leslie Van Buskirk, President of the North American Securities Administrators Association (NASAA), on the confirmation of Paul Atkins to serve as Chairman of the U.S. Securities and Exchange Commission.
April 7, 2025
NASAA Members Approve Amendments for Model Rule
NASAA announced today that members have voted to adopt proposed amendments to NASAA’s Dishonest or Unethical Business Practices of Broker-Dealers and Agents model rule (Conduct Rule).
March 25, 2025
