Current Headlines
September 9, 2024
NASAA Releases Annual Report on State-Registered Investment Advisers
NASAA released its 2023-2024 Investment Adviser Section Annual Report, which provides a snapshot of the state-registered investment adviser industry and the related regulatory activities of state securities regulators.
May 13, 2024
NASAA Seeks Public Comment on Proposed NASAA Model Franchise Broker Registration Act
NASAA is seeking public comment on a proposed NASAA Model Franchise Broker Registration Act (Franchise Broker Act). The proposed model act is posted on the NASAA website with instructions to the public on how to submit comments. The deadline for submitting comments is June 7, 2024. Following the public comment process, the model act may be submitted to the NASAA membership for approval.
May 6, 2024
NASAA Members Approve Amendments For Two Model Rules
NASAA announced that at a membership meeting today NASAA members have voted to adopt amendments to two NASAA Model Rules. NASAA amended its Model Rule Exempting Certain Merger & Acquisition Brokers (“M&A Broker Rule”) From Registration by revising it to achieve uniformity with federal law, specifically the amendments to subsection 15(b)(13) of the Securities Exchange Act of 1934 to exempt certain M&A Brokers from broker-dealer registration. NASAA also amended its Model Rule: Examination Requirements for Investment Adviser Representatives (IAR Examination Requirements Model Rule), by updating the list of eligible professional certifications that can be used to exempt individuals from examination requirements.
February 27, 2024
NASAA Releases 2023 Enforcement Report
NASAA today released its 2023 Enforcement Report, which shows state securities regulators were responsible for nearly $1 billion in monetary relief ordered as a result of state enforcement actions in 2022.
February 7, 2024
NASAA and SEC Announce $3 Million Settlement with TradeStation over Crypto Interest-Earning Program
NASAA today announced that a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) have reached a $3 million settlement with TradeStation Crypto, Inc.(TradeStation) concerning its crypto interest-earning program.
January 25, 2024
NASAA Investor Alert: Artificial Intelligence (AI) and Investment Fraud
NASAA and its partners are jointly issuing this Investor Alert to make investors aware of the increase of investment frauds involving the purported use of artificial intelligence (AI) and other emerging technologies. Individual investors should know that bad actors are using the growing popularity and complexity of AI to lure victims into scams.
December 22, 2023
NASAA Statement on Confirmation of Mark Uyeda to Serve on the U.S. Securities and Exchange Commission
NASAA released a statement from Claire McHenry, NASAA President and Deputy Director of the Nebraska Department of Banking and Finance Bureau of Securities, on the confirmation by the U.S. Senate of Mark Uyeda to serve on the U.S. Securities and Exchange Commission.
October 31, 2023
NASAA Launches Exam Validity Extension Program for Investment Adviser Representatives
NASAA today announced the launch of the Investment Adviser Representative Exam Validity Extension Program (IAR EVEP).
October 27, 2023
NASAA Announces 2024 Fee Schedule for Investment Adviser Registration Depository System
NASAA today announced the continued waiver of Investment Adviser Registration Depository (IARD) system fees in 2024 for state-registered investment adviser firms, and no change to the initial set-up and annual system fees paid by investment adviser representatives.
October 25, 2023
