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Topic
Year
January 22, 2021

Investor Protection Advocates Urge Biden Administration Not to Weaken Securities Laws

Investor protection advocates including state securities regulators, legal scholars and investor and consumer advocacy organizations urged the Biden Administration not to weaken securities laws through the further expansion and deregulation of the private offering marketplace.
January 19, 2021

NASAA Statement on Nomination of Gary Gensler as SEC Chair

Hopkins: "The nomination of an experienced former regulator with the accomplished track record of Gary Gensler to lead the SEC signals that the Biden Administration expects the agency to hold those who harm investors accountable for their wrongdoing and to pursue a regulatory agenda that prioritizes investor protection and is supported by vigorous examination and enforcement efforts."
January 7, 2021

NASAA Reminds Firms to Contact Regulators with Issues Related to Malicious Versions of SolarWinds Software

NASAA today reminded financial service registrants, particularly state-registered investment advisers and intrastate broker-dealers, to report any known issues or concerns related to the recent SolarWinds cybersecurity incident to their primary securities regulator.
December 17, 2020

NASAA COVID-19 Enforcement Task Force Takes 250 Actions to Protect Investors From Pandemic Fraudsters

The North American Securities Administrators Association (NASAA) reported today that its COVID-19 Enforcement Task Force, consisting of state and provincial securities regulators, has taken action to disrupt 250 schemes fraudulently seeking to profit from the pandemic and will continue its work to protect investors in the coming year as the pandemic response shifts into the vaccination phase.
December 10, 2020

NASAA’s Electronic Filing Depository System Nears Half-Million Filings

In the six years since its launch, NASAA"s Electronic Filing Depository (EFD) System has processed nearly half a million notice filings with state securities regulators, providing greater efficiencies for filers and regulators.
December 3, 2020

Wisconsin Securities Regulator Appointed to SEC Investor Advisory Committee

Veteran Wisconsin securities regulator Leslie M. Van Buskirk has been appointed to the Securities and Exchange Commission’s (SEC) Investor Advisory Committee to represent the views of state securities regulators.
November 30, 2020

NASAA Members Adopt Model Rule to Require Continuing Education by Investment Adviser Representatives

NASAA announced today that its membership has voted to adopt a model rule to set parameters by which NASAA members could implement continuing education programs for investment adviser representatives in their jurisdictions.
November 30, 2020

NASAA Members Adopt Model Rule Consolidating Existing Policies and Procedure for State-Registered IAs

NASAA announced today that its membership has voted to adopt a model rule that consolidates and updates several existing NASAA model rules regarding investment adviser policies and procedures, streamlining and simplifying the regulatory framework for state-registered investment advisers.
November 13, 2020

NASAA Outlines Opposition to SEC’s Proposed Federal Broker-Dealer Exemption for Private Placement Finders

State securities regulators are urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to order a new federal broker-dealer exemption for private placement finders amid concerns the proposal lacks adequate investor protections.
October 30, 2020

NASAA 2021 Fee Announcement

NASAA announces the continued waiver of Investment Adviser Registration Depository (IARD) system fees for state-registered investment adviser firms, the continuation of substantially reduced initial set-up and annual system fees paid by investment adviser representatives (IARs), and modest increases to the enrollment fees for the NASAA Series 63,65, and 66 exams.