NASAA Names Abshure as President
A. Heath Abshure, Arkansas securities commissioner, began Tuesday a one-year term as president of NASAA, replacing Jack Herstein.
SEC, NASAA Tell Small Businesses: Wait to Join the ‘Crowd’
The SEC and state regulators are warning small businesses and entrepreneurs to hold off on crowdfunding.
State Regulators Settle With Bankers Life
The North American Securities Administrators Association (NASAA) announced Wednesday that state securities regulators had reached a settlement with Bankers Life and Casualty Company of Illinois, after a task force found that the firm was acting as an unlicensed broker-dealer and investment advisor.
JOBS Act Passes Senate by Wide Margin
The much-criticized, bipartisan JOBS Act passed the Senate on Thursday, 73-26.
Advertising Advisor Services and Credentials
Section 206 of the Investment Advisers Act contains the anti-fraud provision of the statute and ensures that RIAs advertising and marketing practices are consistent with the fiduciary duty owed to clients and prospective clients.
Slew of Advisor Violations Found by State Regulators
A series of coordinated exams of 825 investment advisors by 45 state and provincial securities examiners between Jan. 1 through June 30 of this year uncovered 3,543 deficiencies in 13 compliance areas.