Current Headlines
October 16, 2025
States and CFTC Secure Final Judgment Against Precious Metals Firm that Defrauded Elderly Adults
NASAA today announced that the U.S. District Court for the Central District of California has entered a final judgment imposing approximately $25.6 million in restitution and an equal civil monetary penalty against Safeguard Metals LLC and its owner, Jeffrey Ikahn, for operating a fraudulent scheme targeting elderly and retirement-aged individuals.
October 16, 2025
NASAA Releases 2025 Enforcement Report
NASAA today released its 2025 Enforcement Report, identifying digital assets, pig butchering scams, and other technology-based schemes among the top investor threats. The report also underscores the growing complexity of fraudulent schemes fueled by advancements in artificial intelligence and blockchain technology, as well as state securities regulators’ use of technology in their investigations.
October 8, 2025
Academic Leaders and Scholars Call on Congress to Keep States Essential Investor Protectors
Twenty-eight academic leaders in securities and financial regulation are calling on Congress to reject provisions in the Responsible Financial Innovation Act of 2025 (RFIA) that would undermine the ability of state securities regulators to protect investors and combat fraud.
September 17, 2025
NASAA Announces 2026 Fee Schedule for Investment Adviser Registration Depository System
NASAA today announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2026. The waiver of IARD system fees for state-registered investment adviser firms will continue through 2026, and the initial set-up and annual system fees for investment adviser representatives will remain unchanged.
September 9, 2025
NASAA Welcomes New President and Board Officers at 2025 Fall Annual Meeting
NASAA has announced that Marni Rock Gibson, Commissioner and Securities Administrator of the Kentucky Department of Financial Institutions, became NASAA’s President today during the 2025 NASAA Fall Annual Meeting held in Scottsdale, Arizona.
September 8, 2025
NASAA Releases Annual Report on State-Registered Investment Advisers
NASAA today released its annual report on the state-registered investment adviser industry and the related regulatory activities of state securities regulators.
September 8, 2025
NASAA Members Approve Amendments to REIT Guidelines
NASAA members approved amendments to the NASAA Statement of Policy Regarding Real Estate Investment Trusts (REIT Guidelines) at the membership meeting during NASAA’s Fall Annual Conference in Scottsdale, Arizona yesterday.
August 7, 2025
NASAA Announces Inaugural Board of Directors of NASAA Investor Protection and Education Foundation
NASAA is proud to announce the appointment of the nine-member inaugural Board of Directors for the NASAA Investor Protection and Education Foundation. The announcement follows a call for nominations launched in June 2025, which sought interest from individuals with a passion for investor protection to guide the Foundation’s mission and growth.
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
