October 31, 2023 NASAA today announced the launch of the Investment Adviser Representative Exam Validity Extension Program (IAR EVEP).
October 27, 2023 NASAA today announced the continued waiver of Investment Adviser Registration Depository (IARD) system fees in 2024 for state-registered investment adviser firms, and no change to the initial set-up and annual system fees paid by investment adviser representatives.
October 25, 2023 Thirty state regulators and the Commodity Futures Trading Commission (CFTC) announced a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons. The settlement resolves the federal lawsuit filed in February 2022 in the U.S. District Court for the Central District of California against defendants Safeguard Metals LLC and Jeffrey Ikahn.
October 2, 2023 NASAA joined with the SEC’s Office of Investor Education and Advocacy (OIEA), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC), to recognize World Investor Week and highlight educational resources available to investors.
October 2, 2023
NASAA Investor Bulletin: Investor Resilience, Crypto Assets, and Sustainable Finance: World Investor Week 2023For World Investor Week 2023, NASAA and its partners offer three tips to increase your resilience as an investor.
September 25, 2023 NASAA announced the release of newly created guides for candidates interested in taking the Series 63, Series 65, and Series 66 qualification examinations.
September 12, 2023 NASAA announced the appointment of its new president, Claire McHenry, Deputy Director of the Nebraska Department of Banking and Finance Bureau of Securities, during the 2023 NASAA Fall Annual Meeting held September 10-12 in San Diego.
September 11, 2023 A series of coordinated examinations of state-registered investment advisers by state securities examiners identified top firm policy and practice deficiencies, NASAA announced.
September 5, 2023
NASAA Publishes Regulation Best Interest Examination Initiative Update and Issues Proposed Revisions to Its Broker-Dealer Conduct Model RuleNASAA today published a report on Phase II (B) of its Coordinated National Regulation Best Interest Examination Initiative. As explained in the report, firms have made progress updating their policies and procedures in light of the Securities and Exchange Commission’s (“SEC”) 2019 adoption of Regulation Best Interest (“Reg BI”) but more work remains to be done, particularly with respect to considerations of reasonably available alternatives and conflict mitigation. NASAA also published for public comment proposed revisions to NASAA’s model rule regarding Dishonest or Unethical Business Practices of Broker-Dealers and Agents which are intended to update the model rule in light of Reg BI and other developments in the securities industry. The comment period will run for 90 days.
August 30, 2023 NASAA is pleased to announce the launch of the Exam Validity Extension Program (EVEP). The EVEP provides eligible individuals with the opportunity to extend the validity of their Series 63 examination for up to five years while not registered with a jurisdiction.