1. Articles in category: State Regulation

    1-22 of 22
    1. Rise of Fintech Raises New Concerns for Securities Regulators

      Rise of Fintech Raises New Concerns for Securities Regulators

      WASHINGTON, D.C. (February 15, 2018)—A new survey of securities regulators by the North American Securities Administrators Association (NASAA), underscores why regulators, the industry and investors, especially Millennials, must step up to be vigilant amid the rapid pace of development spurred by advances in financial technology (fintech).

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    2. Cybersecurity Threats to Financial Services Industry, Investors Explored at NASAA Roundtable

      Cybersecurity Threats to Financial Services Industry, Investors Explored at NASAA Roundtable
      • Download: Opening Remarks of NASAA President Mike Rothman

      WASHINGTON, D.C. (June 23, 2017) — Leading cybersecurity experts convened in Washington today at the North American Securities Administrators Association’s (NASAA) Cybersecurity Roundtable to assess current cyber threats to the financial services industry, how industry is responding to this threat, and regulatory efforts underway to help small- and mid-sized investment adviser and broker-dealer firms protect critical client information from cybercriminals.

      “Cybersecurity is a growing challenge for the securities industry and for securities regulators at all levels,” said NASAA President and Minnesota Commissioner of Commerce Mike Rothman. “No securities firm or investment ...

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    3. NASAA Says Financial CHOICE Act Would Reverse Critical Investor Protections, Sending Regulatory Policies in “Wrong Direction”

      NASAA Says Financial CHOICE Act Would Reverse Critical Investor Protections, Sending Regulatory Policies in “Wrong Direction”
      • DOWNLOAD: NASAA Written Statement to House Financial Services Committee

      WASHINGTON, DC, April 26, 2017 – In a statement submitted to the House Financial Services Committee, the North American Securities Administrators Association (NASAA) said the proposed Financial CHOICE Act of 2017, if enacted in its current form, “would dramatically change regulatory policies in the wrong direction,” weaken important reforms and protections put in place by the Dodd-Frank Act in response to the financial crisis, and expose investors and the securities markets to significant, unnecessary and new risks.

      “It is clearly evident that the changes contemplated by the bill would significantly undermine and ...

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    4. ADISA Issues Call to Action to Stop NASAA's “One Size Fits All” Proposed REIT Concentration Limits - GlobeNewswire (press release)

      ADISA Issues Call to Action to Stop NASAA's “One Size Fits All” Proposed REIT Concentration Limits - GlobeNewswire (press release)

      ADISA submitted a comment letter to NASAA last month requesting that the association either withdraw the amendment or re-work it to create a more flexible approach that better recognizes the investing community's need for, and interest in, diversified ...

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    5. NASAA Statement on Bipartisan Congressional Effort Encouraging the SEC to Finalize Rulemaking Related to Intrastate Crowdfunding

      NASAA Statement on Bipartisan Congressional Effort Encouraging the SEC to Finalize Rulemaking Related to Intrastate Crowdfunding

      WASHINGTON, D.C.  (October 7, 2016) — The following is a statement from Mike Rothman, North American Securities Administrator Association (NASAA) President and Minnesota Commissioner of Commerce regarding a letter sent by a bipartisan group of 15 members of the House Financial Services Committee to Securities and Exchange Commission Chair Mary Jo White commending the SEC for proposing amendments to Rule 147 under the Securities Act of 1933 and to Rule 504 of Regulation D and strongly encouraging their adoption.

      “NASAA has strongly supported the SEC’s efforts to modernize Rules 147 and 504, and we are encouraged to see members ...

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    6. Notice of Request for Comments Regarding a Proposed Franchise Commentary on Financial Performance Representations

      Notice of Request for Comments Regarding a Proposed Franchise Commentary on Financial Performance Representations

      The North American Securities Administrators Association, Inc. (NASAA) is requesting public comments on a proposed Financial Performance Representations Commentary (FPR Commentary). This proposal is a second request for public comment following the feedback received from the FPR Commentary proposal released for public comment in October of 2015. Comments are due on or before October 13, 2016

      Download: Notice of Request for Public Comment

      Background

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    7. NASAA Releases Annual Enforcement Report

      NASAA Releases Annual Enforcement Report

      For First Time, Report Shows More Actions Brought Against Registered Securities Industry Members

      • Download: 2016 NASAA Enforcement Report Based on 2015 Data

      WASHINGTON, D.C. (September 13, 2016) – The North American Securities Administrators Association (NASAA) today reported that for the first time since it has collected enforcement data, more registered members of the securities industry than nonregistered members were named in enforcement actions.

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    8. Minnesota’s Mike Rothman Begins Term as NASAA President

      Minnesota’s Mike Rothman Begins Term as NASAA President

      Will Lead International Investor Protection Organization

      WASHINGTON, D.C. (September 13, 2016) – Minnesota Commissioner of Commerce Mike Rothman today began a one-year term after having been elected president of the North American Securities Administrators Association (NASAA), the oldest international organization devoted to investor protection and responsible capital formation.

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    9. NASAA Statement on House Passage of The Senior$afe Act of 2016

      NASAA Statement on House Passage of The Senior$afe Act of 2016

      WASHINGTON (July 6, 2016) — The following is a statement from Judith M. Shaw, North American Securities Administrator Association (NASAA) President and Maine Securities Administrator regarding last night’s vote by the House of Representatives to approve the bipartisan Senior$afe Act of 2016 (H.R. 4538) introduced by Representative Bruce Poliquin (R-MI) and Representative Kyrsten Sinema (D-AZ).

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    10. Notice of Request for Public Comments Regarding a Proposed Statement of Policy on the Use of Electronic Offering Documents and Electronic Signatures

      Notice of Request for Public Comments Regarding a Proposed Statement of Policy on the Use of Electronic Offering Documents and Electronic Signatures

      May 2, 2016

      The Corporation Finance Section of the North American Securities Administrators Association (NASAA) is requesting public comments on a proposed Statement of Policy Regarding Use of Electronic Offering Documents and Electronic Signatures. Comments are due by June 1, 2016.

      • Download > Notice of Request for Public Comment
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    11. Sen. Susan Collins to Deliver Keynote Address at NASAA Public Policy Conference

      Sen. Susan Collins to Deliver Keynote Address at NASAA Public Policy Conference

      WASHINGTON (April 20, 2016)—State and provincial securities regulators will convene in Washington, D.C. next month to explore the role of enforcement as an extension of public policy and the challenges confronting prosecutors amid the increasing complexity of securities fraud during the annual North American Securities Administrators Association’s (NASAA) Public Policy Conference.

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    1-22 of 22
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