Current Headlines
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.
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
