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Current Headlines

March 26, 2020

NASAA Outlines Steps State Securities Regulators are Taking to Provide Temporary Regulatory Relief Amid COVID-19 Pandemic

“State securities regulators have been working together closely to provide financial service professionals with the temporary relief needed to withstand challenges caused by the COVID-19 outbreak, while at the same time ensuring that investors are protected from frauds,” Commissioner Lubin said.
March 17, 2020

NASAA Urges SEC Not to Move Forward with Proposal to Expand Access to High-Risk Private Offerings Without Added Protections

“The proposal is a deregulatory effort that is singularly focused on expanding the private markets while showing little regard for its potential adverse effects on retail investors and the public markets,” wrote Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities. “The Commission should not move forward with the proposal as currently presented.”
March 2, 2020

State and Provincial Securities Regulators Offer Resources Addressing Unique Investing Issues Facing Women

In recognition of Women’s History Month and the women’s suffrage centennial, NASAA has developed an outreach program to help state and provincial securities regulators provide investor education that delivers practical tools addressing the unique investing issues faced by women.
February 28, 2020

NASAA Reminds Investors to Beware of Con Artists Looking to Profit from Fear and Uncertainty

In light of the ongoing developments related to the current coronavirus (COVID-19) situation, and its impact on financial markets, state and provincial securities regulators are reminding investors to beware of con artists seeking to capitalize on fear and uncertainty.
February 13, 2020

NASAA Seeks Public Comment on Proposed Continuing Education Program for Investment Adviser Representatives

"We are proposing a responsive and relevant continuing education program to help investment adviser representatives better serve their clients and keep their skills sharp by remaining knowledgeable of current regulatory requirements and best practices,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
February 11, 2020

State Report and Hold Laws Show Positive Impact in Fight Against Senior Financial Exploitation

Reports of suspected senior financial exploitation are increasing in jurisdictions that have enacted legislation or regulations based on NASAA’s Model Act to Protect Vulnerable Adults From Financial Exploitation.
January 21, 2020

NASAA Names New General Counsel

Vincente Martinez has joined NASAA as General Counsel reporting to Executive Director Joseph Brady.
January 8, 2020

NASAA Introduces New Podcast Series “Real Life Regulators”

New podcast series to brings true crime stories straight from the investigative files of state and provincial securities regulators, the securities regulators closest to investors.
December 23, 2019

NASAA Announces Top Investor Threats for 2020

Based on investor complaints, ongoing investigations and current enforcement trends, the securities regulators identified promissory notes, Ponzi schemes, real estate investments, cryptocurrency-related investments and social media/Internet-based investment schemes as the top five areas of concern for 2020.
December 18, 2019

NASAA Statement on the SEC’s Proposed Rule Amendment Regarding the “Accredited Investor” Definition

A statement from Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities, regarding a rule amendment proposed by the U.S. Securities and Exchange Commission related to the “accredited investor” definition. This definition helps determine whether investors have the financial wherewithal and understanding to be sold high-risk and unregistered private securities offerings.