Current Headlines
March 20, 2001
NASAA Statement on NASD Online Suitability Guidelines
(March 20, 2001) – These guidelines are an effort to strike the right balance between investor protection and marketplace and technological innovation. They do not attempt to address every possible scenario; there remains a lot of gray area. But these guidelines begin to bring needed clarity to this important area. In attempting to set out […]
March 13, 2001
State securities cops announce actions against sellers of payphone schemes
Losses estimated at $76 million so far WASHINGTON (March 13, 2001) – State securities regulators from Washington state to Florida today announced actions against individuals and companies that promised high returns from risky or fraudulent investments in pay telephones. Securities regulators in 25 states¹ and the District of Columbia participated in the crackdown, identifying nearly […]
March 1, 2001
NASAA Statement Regarding SEC Pay Parity and Reduction of Certain Fees
(March 1, 2001) – “The North American Securities Administrators Association supports congressional efforts to provide the staff of the Securities and Exchange Commission with much-needed pay parity with their counterparts at the federal banking agencies,” said Marc Beauchamp, NASAA`s executive director. State securities regulators understand the difficulties the SEC faces in recruiting and retaining a […]
January 22, 2001
NASAA Releases Federal Legislative Agenda
WASHINGTON (January 22, 2001) – State securities regulators released their federal legislative agenda Monday, urging final approval of bills that would enhance prosecution of abuses in the “micro-cap” market, impose greater accountability for federal preemption of state laws and simplify investor scrutiny of investment advisers. “With these proposals, Congress has an opportunity to both streamline […]
December 20, 2000
NASAA statement on SEC Chairman Arthur Levitt
(December 20, 2000) – Arthur Levitt has provided much-needed continuity for our markets, the securities industry and investors alike. At a time when record numbers of small, often inexperienced, investors have turned to Wall Street, he has been our nation`s most visible investor advocate. Chairman Levitt has consistently stood up for the small investor. He […]
October 11, 2000
NASAA Fills Board Vacancy
WASHINGTON (October 11, 2000) – W. Mark Sendrow, Arizona’s Director of Securities, was appointed today to the Board of the North American Securities Administrators Association to replace David Jonson, South Carolina’s Deputy Securities Commissioner, who is resigning to go into private legal practice. Sendrow was appointed Securities Commissioner in January 1999. Prior to that, he […]
September 19, 2000
State securities regulatory group installs new head, board of directors
New NASAA President Deborah Bortner promotes uniformity, use of technology, online investor education MONTREAL (September 19, 2000) – Deborah Bortner, Washington State’s Director of Securities, today took over as President of the North American Securities Administrators Association (NASAA). She succeeded Bradley Skolnik, Indiana’s Securities Commissioner. In an address at NASAA’s 83rd annual conference here, Bortner […]
September 19, 2000
State securities regulators unanimously adopt vision for future
MONTREAL (September 19, 2000) — The North American Securities Administrators Association (NASAA) today unanimously adopted the vision statement acknowledging the dramatic changes reshaping the financial services industry and committing to increase uniformity of state securities regulation and address other concerns of industry. Entitled “The New Economy and state securities regulation,” the six-page document was voted […]
September 7, 2000
NASAA general counsel resigns
Washington (September 7, 2000) – The North American Securities Administrators Association (NASAA) announced today that its general counsel, Karen M. O’Brien, is resigning effective September 30 to become a partner in a new financial services consulting firm. O’Brien has served as NASAA’s general counsel since late 1991. In this position, O`Brien helped draft federal and […]
August 10, 2000
