INSIDE THIS EDITION

• President’s Message

COVER STORY

• NASAA Members Show Strong, Flexible Regulatory Response to Novel Coronavirus Pandemic

NASAA NEWS

• NASAA Supreme Court Amicus Brief Supported SEC’s Ability to Seek Disgorgement in Civil Enforcement Proceedings
• NASAA Franchise Project Group Honored by National Association
• NASAA Issues Annual Report on State-Registered Investment Advisers
• NASAA Upgrades Web-based Exam Resource for State Securities Examiners
• Broker-Dealer Errors and Omissions Insurance Could Provide Relief for Investors with Unpaid Arbitration Awards
• NASAA Expands Electronic Filing Depository System to Accept Wide Range of Filings, Including Mutual Fund Notice Filings
• NASAA Franchise Handbook Now Available

SPECIAL REPORT: CORONAVIRUS RESPONSE

• NASAA Urges Congress to Remain Skeptical of Proposals to Weaken Securities Laws in Response to Pandemic
• NASAA Members Launch International Initiative to Fight Fraudsters Seeking to Profit from Pandemic-related Schemes
• Get in the Know: New Video Offers Investor Protection Tips to Help Investors Steer Clear of COVID-19 Scams
• NASAA, SEC and FINRA Join to Raise Awareness of Risks from COVID-19-Related Early Withdrawals from Retirement Plans
• New Guidance for Historical Franchise Performance Representations Reflecting COVID-19 Impacts
• COVID-19 Update Center Provides Updates from NASAA Members Regarding Regulatory Response and Operations

SENIOR MATTERS

• State “Report and Hold” Laws Show Positive Impact
• New NASAA Report Examines Issues Related to Financial Professionals and Diminished Capacity

INVESTOR OUTREACH

• State and Provincial Securities Regulators Develop Initiative to Offer Resources Addressing Unique Investing Issues Facing Women
• Pennsylvania is ‘Investing in Women’
• ‘She Leads’ Paving the Way in Georgia
• Podcast Takes Listeners Inside Investigations by NASAA Members

COMPLIANCE MATTERS

• Business Continuity and Succession Planning: Where to Start

POLICY MATTERS

• NASAA Proposes Model Acts to Help States Address Whistleblower and Victim Restitution Assistance
• NASAA Proposes Model Rule Regarding Investment Adviser Written Procedures
• Proposed Investment Adviser Representative Continuing Education Program in Final Stages of Review
• NASAA Signals Strong Support for Legislation Prohibiting Mandatory Pre-Dispute Arbitration in Securities Contracts

AROUND THE STATES

• Vermont Levies First Enhanced Penalties in Senior Case
• Massachusetts Adopts State Fiduciary Standard of Care
• Indiana’s One-Stop Business Portal Tops 500,000 Users
• Nevada Latest State to Act Against Precious Metals Company

AROUND THE PROVINCES

• Canadian Securities Regulators Publish Additional Guidance for Entities Facilitating the Trading of Crypto Assets
• 2019/2020 Enforcement Report Snapshot
• Nationally Harmonized Crowdfunding Rules Proposed

THE BACK PAGE

• NASAA Member Announcements
• Upcoming Events