Current Headlines
September 8, 2025
NASAA Releases Annual Report on State-Registered Investment Advisers
NASAA today released its annual report on the state-registered investment adviser industry and the related regulatory activities of state securities regulators.
September 8, 2025
NASAA Members Approve Amendments to REIT Guidelines
NASAA members approved amendments to the NASAA Statement of Policy Regarding Real Estate Investment Trusts (REIT Guidelines) at the membership meeting during NASAA’s Fall Annual Conference in Scottsdale, Arizona yesterday.
August 7, 2025
NASAA Announces Inaugural Board of Directors of NASAA Investor Protection and Education Foundation
NASAA is proud to announce the appointment of the nine-member inaugural Board of Directors for the NASAA Investor Protection and Education Foundation. The announcement follows a call for nominations launched in June 2025, which sought interest from individuals with a passion for investor protection to guide the Foundation’s mission and growth.
July 29, 2025
NASAA Seeks Public Comment on Proposed Amendments to Investment Adviser Advertising Rules
NASAA is seeking public comment on proposed amendments to four rules related to investment adviser advertising. The proposal would update the NASAA rules to align them more closely to federal standards. Comments are due on or before August 28, 2025.
July 28, 2025
NASAA Seeks Public Comment on Proposed NASAA Model Franchise Broker Registration Act
NASAA is requesting public comment on a proposed NASAA Model Franchise Broker Registration Act, more commonly known as the Franchise Broker Act. Comments are due on or before August 27, 2025. This proposal is a revised release of the Franchise Broker Act, originally issued for public comment on May 13, 2024, and incorporates feedback received during the initial comment period.
July 1, 2025
NASAA Statement on U.S. Senate Vote to Uphold State AI Regulations
The following is a statement from Leslie Van Buskirk, President of the North American Securities Administrators Association (NASAA) and Wisconsin Securities Administrator, on the U.S. Senate’s vote to remove a provision from the 2025 budget reconciliation bill that would impose a moratorium on enforcing state-level artificial intelligence (AI) laws or regulations.
June 13, 2025
NASAA Champions Community Resources for World Elder Abuse Awareness Day
In recognition of World Elder Abuse Awareness Day on June 15, the North American Securities Administrators Association (NASAA) reminds financial professionals and the public that they play an important role in helping older investors identify and avoid financial scams. As financial scams targeting older adults continue to rise, NASAA underscores the critical role of community vigilance and education.
June 9, 2025
NASAA Announces Multimillion Settlement with Five Firms
NASAA has announced a multimillion-dollar settlement resulting from an investigation conducted by state securities regulators into the practice of charging unreasonable commissions to retail customers on small dollar transactions by Edward Jones, LPL Financial, RBC, Stifel and TD Ameritrade. In the five-year period covered by the investigation, data shows that, nationwide, the firms charged approximately $19 million to process 1.12 million small dollar equity transactions and trades.
June 2, 2025
NASAA Announces Launch of Investor Protection and Education Foundation and Seeks Nominations for Inaugural Board Members
NASAA today announced the launch of the NASAA Investor Protection and Education Foundation, which is now accepting nominations for its inaugural Board of Directors. The formation of the Foundation was made possible through grants awarded by the Investor Protection Trust.
May 30, 2025
