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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.
October 14, 2020

NASAA Announces Agenda for Fintech and Cybersecurity Symposium

The North American Securities Administrators Association (NASAA) today announced the agenda and speakers for its October 27, 2020 Fintech and Cybersecurity Symposium.
September 25, 2020

CFTC and 30 States Charge Los Angeles Precious Metals Dealers in Ongoing $185 Million Fraud Targeting the Elderly

The Commodity Futures Trading Commission and 30 state regulators that are members of NASAA announced the filing of a joint civil enforcement action in the U.S. District Court for the Northern District of Texas against two precious metals dealers and their companies for perpetrating a $185 million fraudulent scheme targeting elderly persons nationwide.
September 23, 2020

NASAA Releases Annual Enforcement Report

NASAA today released its annual enforcement report, which shows increasing numbers of investigations and enforcement actions taken by state securities regulators to protect investors and maintain the integrity of the nation’s financial markets.
September 22, 2020

NASAA Releases Results of Benchmarking Initiative To Help Measure Effectiveness of Regulation Best Interest

Results of a nationwide examination of broker-dealers and investment advisers by state securities regulators provide the first comprehensive look at industry practices prior to the implementation of the Securities and Exchange Commission’s Regulation Best Interest and provides important benchmarking data to help measure the effectiveness of the new federal standard of care regulation.
September 3, 2020

NASAA Urges DOL to Defer Fiduciary Rule Proposal

While noting that it shares the Department of Labor’s goal of improving investment advice for millions of American workers and retirees, NASAA today urged the department to defer steps to finalize its proposed fiduciary rulemaking until it has had the opportunity to gauge the effectiveness of the U.S. Securities and Exchange Commission’s Regulation Best Interest.
September 2, 2020

Lisa Hopkins of West Virginia to Lead North American Securities Administrators Association

“I will use my term in office to serve as a strong advocate for investors and to support my fellow securities commissioners throughout the United States, Canada and Mexico in their mission of investor protection,” Hopkins said in remarks during NASAA’s Annual Meeting. “I intend to focus attention on strengthening engagement and inclusion among NASAA members, fellow regulators, industry, and the investors we serve, especially those in our states and provinces who have been underserved.”
August 31, 2020

NASAA Members Adopt Model Act to Award and Protect Whistleblowers

NASAA announced today that its membership has voted to adopt a model act designed to help states provide a safe environment for individuals to come forward to report suspected wrongful securities practices to state securities regulators.
August 26, 2020

NASAA Statement on the SEC’s Amendment of Accredited Investor Definition

A statement from Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities on today’s vote by the U.S. Securities and Exchange Commission to amend and expand its accredited investor definition as part of its proposal to harmonize the exempt offering framework under the Securities Act.
August 19, 2020

Task Force Takes More Than 200 Actions to Protect Investors From Fraudsters Seeking to Profit from the Pandemic

NASAA President Christopher W. Gerold: “We are putting con artists on notice that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes.”