Current Headlines
February 14, 2022
NASAA and SEC Announce $100 Million Settlement with BlockFi Lending, LLC
The North American Securities Administrators Association (NASAA) and the U.S. Securities and Exchange Commission (SEC) jointly announced a $100 million settlement with BlockFi Lending, LLC (BlockFi) concerning its lending products and practices. Thirty-two state securities regulators have agreed to the terms of a settlement with BlockFi to resolve its past unregistered activities. More jurisdictions are expected to follow.
February 8, 2022
Three States Adopt NASAA Model Rule Requiring Investment Adviser Representative Continuing Education in 2022
Maryland, Mississippi and Vermont have implemented continuing education requirements for investment adviser representatives in their jurisdictions in 2022. The requirements enacted by the three states are based on the NASAA Model Rule on Investment Adviser Representative Continuing Education, which was adopted by the NASAA membership in November 2020.
February 1, 2022
The CFTC and 27 State Securities Regulatory Agencies Charge Los Angeles Area Precious Metals Dealer in Ongoing $68 Million Fraud Targeting the Elderly
The Commodity Futures Trading Commission and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating a $68 million fraudulent scheme targeting elderly persons nationwide.
January 25, 2022
Kristen Hutchens Named NASAA Director of Policy and Government Affairs
The North American Securities Administrators Association, Inc. (NASAA) announced today that Kristen Hutchens has been promoted to director of policy and government affairs, and policy counsel.
January 10, 2022
NASAA Reveals Top Investor Threats for 2022
The North American Securities Administrators Association (NASAA) today released its annual list of top investor threats and urged investors to use caution before investing in popular and volatile unregulated investments – especially those involving cryptocurrency and digital assets.
December 7, 2021
NASAA Announces Speakers and Agenda for 2021 Fintech and Cybersecurity Symposium
The North American Securities Administrators Association (NASAA) today announced the speakers and agenda for its December 14, 2021, Fintech and Cybersecurity Symposium.
December 7, 2021
NASAA Seeks Public Comment on Proposed Statement of Policy Regarding the Use of Franchise Questionnaires and Acknowledgments
The North American Securities Administrators Association (NASAA) announced that its Board of Directors recently approved the release for public comment of a proposed NASAA Statement of Policy Regarding the Use of Franchise Questionnaires and Acknowledgments.
November 4, 2021
NASAA Report Finds that Many Broker-Dealer Firms Still Place Their Financial Interests Ahead of Their Customers Despite Implementation of Regulation Best Interest
The North American Securities Administrators Association (NASAA) today announced the results of a nationwide survey conducted by state securities regulators that provides the first comprehensive look at broker-dealer industry policies and practices following the implementation of Regulation Best Interest (Reg BI) by the Securities and Exchange Commission.
November 3, 2021
NASAA Extends Waiver of State-Registered Investment Adviser Firm System Fees
The North American Securities Administrators Association (NASAA) today announced the continued waiver of Investment Adviser Registration Depository (IARD) system fees in 2022 for state-registered investment adviser firms and the continuation of substantially reduced initial set-up and annual system fees paid by investment adviser representatives (IARs).
October 5, 2021
