Newsroom
November 18, 2009
State Securities Regulators Announce $1.3 Billion Settlement with Wells Fargo Investors in Auction Rate Securities Investigations
WASHINGTON, D.C. November 18, 2009 – The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. Since […]
November 12, 2009
The Most Dangerous Piece of Mail You’ll Get All Year is For a Free Lunch
New AARP Survey Shows High Level of Concern About Impact of Financial Scams Among 55+ Population Washington, DC, November 12, 2009 – More than three-quarters of older Americans are concerned that financial scams will damage their retirement nest eggs or those of someone they know, AARP and the North American Securities Administrators Association (NASAA) said […]
November 10, 2009
NASAA Statement on Senate Financial Services Regulatory Reform Proposal
WASHINGTON (November 10, 2009) – The following is a statement from Denise Voigt Crawford, President of the North American Securities Administrators Association (NASAA) and Texas Securities Commissioner, based on a preliminary analysis of the financial services regulatory reform proposal released today by Senate Banking Committee Chairman Christopher Dodd. “The comprehensive proposals offered by Chairman Dodd […]
November 4, 2009
NASAA Statement on the Investor Protection Act
WASHINGTON (November 4, 2009) — The following is a statement by NASAA President and Texas Securities Administrator Denise Voigt Crawford in response to the vote today by the House Financial Services Committee to report the Investor Protection Act to the House of Representatives. NASAA appreciates the Committee’s efforts to strengthen investor protection. While we continue […]
October 28, 2009
NASAA Statement on Investment Adviser Regulation
WASHINGTON, D.C. (October 28, 2009) – The following is a statement from North American Securities Administrators Association President and Texas Securities Commissioner Denise Voigt Crawford calling for Congress to increase the regulatory responsibility of state securities regulators over investment advisers. The statement comes as the House Financial Services Committee is debating financial services regulatory reform […]
October 13, 2009
NASAA Announces IARD System Fee Waiver
WASHINGTON (October 13, 2009) – The North American Securities Administrators Association (NASAA) today announced it will waive the initial set-up and annual system fees paid by investment adviser firms (IAs) and investment representatives (IARs) to maintain the Investment Adviser Registration Depository (IARD) system. Denise Voigt Crawford, NASAA President and Texas Securities Commissioner, said, “The IARD […]
October 6, 2009
NASAA President Outlines Key Elements of Meaningful Regulatory Reform in Congressional Testimony
WASHINGTON (October 6, 2009) – In testimony before the U.S. House Financial Services Committee, North American Securities Administrator Association President and Texas Securities Commissioner Denise Voigt Crawford today outlined the key elements of meaningful financial services regulatory reform. “At this critical time in the nation’s history, it’s imperative that our system of financial services regulation […]
October 5, 2009
NASAA Statement on FINRA Arbitration Pilot Program Expansion
WASHINGTON, D.C. October 5, 2009—The following is a statement by North American Securities Administrators Association (NASAA) President and Texas Securities Commissioner Denise Voigt Crawford regarding the expansion of the Financial Industry Regulatory Authority (FINRA) pilot program to allow certain investors making arbitration claims to choose a panel made up of three public arbitrators instead of […]
October 5, 2009
NASAA President to Urge Congress to Enact Meaningful Regulatory Reforms
WASHINGTON (October 5, 2009) – North American Securities Administrator Association President and Texas Securities Commissioner Denise Voigt Crawford is scheduled to testify Tuesday before the U.S. House Financial Services Committee in a hearing to discuss the legislative changes necessary to improve the nation’s financial services regulatory system. The hearing, “Capital Markets Regulatory Reform: Strengthening Investor […]
September 29, 2009
