Newsroom
January 9, 2000
Wall Street crime should earn prison time, says top state regulator
Law enforcement summit planned to boost number of criminal cases WASHINGTON (January 9, 2000) – White-collar criminals who commit securities fraud deserve prison time just like thieves, muggers and murderers, a leading securities regulator said today. “Someone steals your car, they go to prison. A con artist steals the money your parents need for retirement, […]
January 9, 2000
NASAA Winter Enforcement Conference, NASAA President Brad Skolnik
January 9, 2000, NASAA Winter Enforcement Conference, NASAA President Brad Skolnik, San Diego, California
January 4, 2000
High on Technology Stocks? The Antidote: Diversification
A Portfolio, Patience Important for Investors of All Ages, Says Top State Regulator WASHINGTON (January 4, 2000) – Noting the recent euphoria over technology stocks, a leading securities regulator today urged investors of all ages not to forget the time-tested strategy of diversification and patience. “With Nasdaq up 85% last year and technology such a […]
December 27, 1999
New Investment Advisers Must Take “Competency Exam” Starting Jan. 1
Series 65 Revamped to Test Economics, Investment Vehicles, ethics WASHINGTON (December 27, 1999) — Starting January 1, new investment advisers will have to take a “competency exam” to show that they know what they’re talking about. New advisers will have to take a 130-question state exam that tests their knowledge of economics, investment vehicles, investment […]
December 16, 1999
Despite crackdown, small-stock fraud remains serious problem
State securities cops warn of Internet hype, high-pressure cold-callers WASHINGTON (December 16, 1999) – Despite a crackdown in recent years by state, industry and federal securities regulators, small-stock fraud remains a serious problem, costing investors many millions of dollars each year. The bull market on Wall Street shouldn’t lull investors into letting their guard down, […]
December 15, 1999
NASAA Statement on Selective Disclosure Issue
(December 15, 1999) – The following is a statement by NASAA President and Indiana Securities Commissioner Bradley W. Skolnik: In the age of the Internet and 24-hour financial news, there’s no reason for an uneven information playing field on Wall Street. Why shouldn’t investors on Main Street have access to the same information as the pros […]
December 10, 1999
NASAA Supports Proposed Day Trading Margin Rule Changes by NYSE, NASD
(December 10, 1999) – Bradley K. Skolnik, President of the North American Securities Administrators Association (NASAA) & Indiana Securities Commissioner, released the following statement in response to the proposed rule changes by the NYSE and the NASD that would raise margin requirements for day traders: “NASAA supports higher margin requirements for day traders. Day trading […]
November 26, 1999
Investors Urged to Discount Online Brokerage Advertising
State securities regulators warn of hidden costs, delayed executions, dangers of trading too much WASHINGTON (November 26, 1999) – With online brokerage firms poised to spend a reported $1 billion on advertising in the coming year, state securities regulators today warned investors to look beyond the hype and beware of hidden costs, delayed executions and […]
November 23, 1999
NASAA Statements on Reports on Online Brokerage by the SEC and New York Attorney General
NASAA Praises SEC Commissioner Laura Unger`s Online Brokerage Report (November 23, 1999) – The following is a statement by NASAA President Bradley Skolnik, Indiana`s Securities Commissioner: Commissioner Laura Unger deserves praise for taking a reasoned and reasonable approach to the many issues raised by online brokerage and for doing her homework by consulting with a wide […]
November 19, 1999
