Current Headlines
January 17, 2025
NASAA Announces $106 Million Multi-State Settlement with Vanguard
NASAA today announced that a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) has reached a $106 million settlement with Vanguard Marketing Corporation and The Vanguard Group, Inc (Vanguard) for failing to supervise certain registered persons and failing to disclose potential tax consequences to investors following a change in investment minimums for certain target date retirement funds.
January 8, 2025
NASAA Announces $17 Million Multi-State Enforcement Settlement with Edward Jones
NASAA has announced a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s supervision of customers paying front-load commissions for Class A mutual fund shares in light of later moving brokerage account assets into fee-based investment advisory accounts.
January 3, 2025
NASAA announces important updates to the Electronic Filing Depository (“EFD”) and guidance for filings submitted on December 31, 2024.
NASAA today announced important updates to the Electronic Filing Depository (“EFD”) and guidance for filings submitted on December 31, 2024.
November 25, 2024
NASAA Statement on Departure of Gary Gensler as SEC Chairman and Jaime Lizárraga as SEC Commissioner
The following is a statement from Leslie Van Buskirk, President of the North American Securities Administrators Association (NASAA), on the announced departures of SEC Chair Gary Gensler and SEC Commissioner Jaime Lizárraga.
November 13, 2024
NASAA Announces Upcoming Changes to the Electronic Filing Depository
NASAA today announced important forthcoming changes in January 2025 to the Electronic Filing Depository TM (“EFD”). The changes include migration to the commercial cloud, a new system URL, and new system support contact information.
November 4, 2024
NASAA Opens Public Comment Period for Proposed Revisions to Its Broker-Dealer Conduct Model Rule
NASAA is requesting public comments on proposed revisions to NASAA’s broker-dealer conduct rule entitled Dishonest or Unethical Business Practices of Broker-Dealers and Agents (“Conduct Rule”). The 45-day comment period will run from today to December 19.
October 22, 2024
NASAA Releases 2024 Enforcement Report
NASAA today released its 2024 Enforcement Report, revealing a sharp rise in investigations related to technology and digital assets, alongside a significant increase in public tips and investor complaints. The report also underscores enhanced collaborative efforts with federal agencies, reflecting the evolving landscape of financial crimes and the relentless efforts of state securities regulators to protect investors and maintain market integrity.
September 17, 2024
NASAA Announces 2025 Fee Schedule for Investment Adviser Registration Depository System
NASAA today announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2025.
September 12, 2024
Andrea Seidt to Become NASAA’s Representative on the SEC Investor Advisory Committee
NASAA is pleased to announce that Andrea Seidt, NASAA Board Member and Commissioner of the Ohio Division of Securities, has been named as the representative of state securities commissions to the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC).
September 10, 2024
