In the age of digital records vs. paper records as well as electronic states vs paper states, what needs to be retained and for how long? What does NSMIA require for evidence of compliance of a federal covered security? How does GDPR overlap? Can states request copies of filings beyond their record retention period or claim an issuer to be out of compliance years later?

As prediction markets grow in popularity and blur the lines between investing and betting, new challenges are emerging. The panel will cover regulatory and legal developments in the oversight of these platforms, potential for abuse including through insider trading, and the importance of robust protections for individuals participating in these markets.

Members of NASAA’s CRD/IARD Steering Committee and CRD/IARD Forms & Process Committee will be joined by the IAR CE Committee and Exams Advisory Committee to provide updates on state regulatory initiatives, the IAR CE and EVEP programs, NASAA’s qualification exams, and expungement. The panel will also highlight new developments in the Regulator Workspace.

Please join members of the Investment Adviser Section Committee and project Group chairs for the Section’s annual forum to get updates on its activities. Topics will include the Section’s Annual Report and survey results along with discussions of policy issues affecting state registered investment advisers. The forum will also cover updates about the IAR CE program; examination validity extension program progress; ongoing regulatory policy projects impacting the industry; and other current Section initiatives.

Please join us for a joint meeting between NASAA and the ABA State Regulation of Securities Committee in connection with the State Regulation of Securities Committee’s annual meeting.  Representatives from NASAA and the ABA will discuss significant rulemaking developments over the past several years and issues facing practitioners in the financial services industry.

A renewed focus on arbitration, private rights of action, and related regulatory developments is raising broad questions about how investors access remedies when issues arise. This session will examine how market dynamics and regulatory changes are shaping dispute resolution frameworks for investors and shareholders. Discussion topics will include challenges investors face in seeking recourse in the face of emerging products and markets, developments in shareholder rights, updates in securities class actions, and the implications for investor confidence in the capital markets

The Investor Education Forum brings together leaders in investor education to highlight efforts to better engage Gen Z and young investors, strengthen investor protection, and amplify clear, accessible messaging in an evolving information landscape.

 Featured Speaker

Will the tokenization of securities remake capital markets and reshape regulation or will its impact be more modest? One thing is certain, this innovation raises significant questions for regulators, issuers, intermediaries, and investors alike. This session will explore how tokenization is evolving, implications for the capital markets and intermediaries, and consider emerging regulatory frameworks. Cross-border perspectives from the panelists will also highlight how oversight is progressing in jurisdictions outside the U.S. in the face of an increasingly interconnected digital market.

The Broker-Dealer Section will discuss the ongoing work of the Section and its project groups, including preliminary results from the 2026 broker-dealer coordinated examinations. The Broker-Dealer forum will also discuss preliminary information regarding data collection efforts concerning digital asset treasury companies (DATCOs) and other emerging trends and technologies, including updated state regulatory training in these areas. The Section will highlight its work on enforcement matters and additionally discuss its recent informed investor advisory on financial professional titles. In addition, there will also be an update on regulatory efforts in Canada.

The Corporation Finance Section will discuss the new DPP Advisory Committee and an update on the status of state adoption of the NASAA Statement of Policy Regarding Real Estate Investment Trusts.  Other project group updates may be provided. Committee leadership will be available to answer questions and provide updates on efforts by Committee project groups and NASAA members to promote responsible capital formation while enhancing protections for retail investors.

The Enforcement Section will host an open forum to discuss developments, trends in state and provincial securities enforcement, including NASAA’s 2025/26 Enforcement Report, and highlight significant state enforcement work. The Enforcement Section’s discussion will address cutting-edge enforcement issues involving digital asset schemes, unregistered offerings, cybersecurity, and other emerging technologies and industry developments including prediction markets.