Current Headlines
October 25, 2023
NASAA Members, CFTC Reach Settlement with Safeguard Metals in $68m Fraud Targeting Elderly Adults
Thirty state regulators and the Commodity Futures Trading Commission (CFTC) announced a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons. The settlement resolves the federal lawsuit filed in February 2022 in the U.S. District Court for the Central District of California against defendants Safeguard Metals LLC and Jeffrey Ikahn.
October 2, 2023
NASAA Joins with Securities Regulators Around the World During World Investor Week
NASAA joined with the SEC’s Office of Investor Education and Advocacy (OIEA), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC), to recognize World Investor Week and highlight educational resources available to investors.
October 2, 2023
NASAA Investor Bulletin: Investor Resilience, Crypto Assets, and Sustainable Finance: World Investor Week 2023
For World Investor Week 2023, NASAA and its partners offer three tips to increase your resilience as an investor.
September 25, 2023
NASAA Debuts New Resource for Qualification Exams
NASAA announced the release of newly created guides for candidates interested in taking the Series 63, Series 65, and Series 66 qualification examinations.
September 12, 2023
NASAA Installs New President and Board Officers at 2023 Fall Annual Meeting
NASAA announced the appointment of its new president, Claire McHenry, Deputy Director of the Nebraska Department of Banking and Finance Bureau of Securities, during the 2023 NASAA Fall Annual Meeting held September 10-12 in San Diego.
September 11, 2023
2023 State Investment Adviser Examination Sweep Identifies Compliance Deficiencies
A series of coordinated examinations of state-registered investment advisers by state securities examiners identified top firm policy and practice deficiencies, NASAA announced.
September 5, 2023
NASAA Publishes Regulation Best Interest Examination Initiative Update and Issues Proposed Revisions to Its Broker-Dealer Conduct Model Rule
NASAA today published a report on Phase II (B) of its Coordinated National Regulation Best Interest Examination Initiative. As explained in the report, firms have made progress updating their policies and procedures in light of the Securities and Exchange Commission’s (“SEC”) 2019 adoption of Regulation Best Interest (“Reg BI”) but more work remains to be done, particularly with respect to considerations of reasonably available alternatives and conflict mitigation. NASAA also published for public comment proposed revisions to NASAA’s model rule regarding Dishonest or Unethical Business Practices of Broker-Dealers and Agents which are intended to update the model rule in light of Reg BI and other developments in the securities industry. The comment period will run for 90 days.
August 30, 2023
NASAA Launches Exam Validity Extension Program
NASAA is pleased to announce the launch of the Exam Validity Extension Program (EVEP). The EVEP provides eligible individuals with the opportunity to extend the validity of their Series 63 examination for up to five years while not registered with a jurisdiction.
July 11, 2023
NASAA Announces $13 Million Settlement With Raymond James
NASAA has announced a $4.2 million settlement with Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. resulting from an investigation into the company’s practices of charging unreasonable commissions to retail customers on small dollar transactions.
June 15, 2023
