Welcome to the mid-year edition of the NASAA Insight newsletter. 

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