Current Headlines
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
NASAA Installs New President and Board Officers at 2024 Fall Annual Meeting
NASAA announced that Leslie Van Buskirk, Administrator, Division of Securities, Wisconsin Department of Financial Institutions, became NASAA’s President during the 2024 NASAA Fall Annual Meeting held in Vancouver, British Columbia.
September 9, 2024
State and Provincial Securities Regulators Announce Multi-Million Dollar Settlement Terms with Josip Heit, GS Partners, and its Affiliates
NASAA announced today that a working group of state securities regulators has reached a muti-million-dollar settlement with GSB Gold Standard Corporation AG, a company based in Germany that purportedly operates in the fintech and banking industries, and GSB Gold Standard Bank LTD, more commonly known as “GS Partners.” The settlement also names Josip Heit, the principal and Chairman of the Board of GS Partners, and other affiliated organizations that are often collectively known as the “GSB Group.”
September 9, 2024
NASAA Releases Annual Report on State-Registered Investment Advisers
NASAA released its 2023-2024 Investment Adviser Section Annual Report, which provides a snapshot of the state-registered investment adviser industry and the related regulatory activities of state securities regulators.
May 13, 2024
NASAA Seeks Public Comment on Proposed NASAA Model Franchise Broker Registration Act
NASAA is seeking public comment on a proposed NASAA Model Franchise Broker Registration Act (Franchise Broker Act). The proposed model act is posted on the NASAA website with instructions to the public on how to submit comments. The deadline for submitting comments is June 7, 2024. Following the public comment process, the model act may be submitted to the NASAA membership for approval.
May 6, 2024
