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Current Headlines

Topic
Year
May 27, 2020

NASAA’s Electronic Filing Depository Functionality Expanded

The system’s expanded functionality allows the electronic submission of various corporation finance filings and associated state fees. The new functionality is particularly important as regulators and industry rely more heavily on remote working arrangements following the spread of COVID-19. Many of these filings were previously paper based.
May 26, 2020

NASAA Board Approves the Release for Public Comment of a Proposed Model Act to Award and Protect Whistleblowers

“The intent of this model legislation is to incentivize individuals who have knowledge of potential securities law violations to report it to state regulators in the interest of investor protection,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
May 26, 2020

NASAA Urges Congress to Remain Skeptical of Proposals to Weaken Securities Laws in Response to Pandemic

“It is important to remember that neither the securities laws nor the functioning of the capital markets is the root cause of the present economic distress. Prior to the pandemic, the securities laws and our capital markets were serving their intended purposes – the protection of investors and allocation of investment capital. This has remained true during the height of pandemic and remains true today,” said NASAA President Christopher W. Gerold.
May 8, 2020

New Franchise Disclosure Handbook Available from NASAA

NASAA today announced the availability of a new publication designed to improve the quality of franchise disclosures.
April 28, 2020

NASAA Forms COVID-19 Enforcement Task Force

“Just as state and provincial securities led the way in protecting investors from fraudulent cryptocurrency-based schemes in 2018, we stand ready to protect investors from COVID-19-related schemes during this unprecedented time,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
April 27, 2020

NASAA Releases Annual Report on State-Registered Investment Advisers

“This report outlines the significant resources state securities regulators bring to help state-registered investment advisers, many of which are small- and mid-size businesses, continue to succeed, and to both understand and comply with state securities law,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
April 16, 2020

New Resource Shows Strong State COVID-19 Regulatory Response

NASAA today released a new resource to provide information about the operational status of state securities regulators and any regulatory relief that they may have issued in response to the ongoing COVID-19 crisis.
April 3, 2020

NASAA Outlines Investor Protection Concerns Amid COVID-19 Crisis in Remarks to SEC Advisory Committee

“The past few weeks have been challenging for investors, regulators, and the financial services industry. While state securities authorities are working to help financial professionals withstand current difficulties, we remain focused on our mission to protect investors,” Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities, said in remarks to the SEC’s Investor Advisory Committee.
March 30, 2020

COVID-19-Related Investment Schemes Anticipated

"In these extraordinary times the health and welfare of all must be our foremost concern, and that includes our financial health. Our primary focus remains on the protection of retail investors,” said Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities.
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.