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December 3, 2020

Wisconsin Securities Regulator Appointed to SEC Investor Advisory Committee

Veteran Wisconsin securities regulator Leslie M. Van Buskirk has been appointed to the Securities and Exchange Commission’s (SEC) Investor Advisory Committee to represent the views of state securities regulators.
November 30, 2020

NASAA Members Adopt Model Rule to Require Continuing Education by Investment Adviser Representatives

NASAA announced today that its membership has voted to adopt a model rule to set parameters by which NASAA members could implement continuing education programs for investment adviser representatives in their jurisdictions.
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.