Current Headlines
June 17, 2020
Guidance Issued for Historical Franchise Performance Representations Reflecting COVID-19 Impacts
NASAA's Franchise and Business Opportunities Project Group today issued guidance regarding franchisors using historical financial performance representations in 2020 considering the significant impact the COVID-19 pandemic has had on many franchise businesses.
June 16, 2020
NASAA Updates COVID-19 Enforcement Task Force Actions
NASAA today updated the status of the work of the COVID-19 Enforcement Task Force, consisting of state and provincial securities regulators, to identify and stop potential threats to investors stemming from the pandemic.
June 16, 2020
NASAA Outlines Strong State Response to COVID-19 Fraud in House Testimony
NASAA today told Congress that state securities regulators are undertaking decisive action aimed at rooting out and shutting down frauds related to the COVID-19 pandemic. Many of these schemes are targeting vulnerable senior investors who are experiencing unprecedented quarantines to protect against the spread of the novel coronavirus.
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
