Advisors Get Online Help to Identify ‘Switch’ Requirements: NASAA
NASAA said that the resource is located on the association's website and offers, as a convenience for advisors, information on individual state registration requirements.
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.
Blistering Criticism of JOBS Bill May Push Senate Changes
A House bill intended to benefit business startups and stimulate job creation has been so sharply criticized on its way to the Senate that opponents may prevail in strengthening consumer protections they say were trashed.
JOBS Bill Under Fire by SEC, NASAA, Consumer Advocates
A bill that started out as seven separate pieces of legislation intended to benefit business startups and stimulate job creation is coming in for criticism as it heads to the Senate, as opponents say that it does away with consumer protection.
Differences Between State and SEC Regulation of Investment Advisors
States may impose licensing or registration requirements on IARs doing business in their jurisdiction, even if the IAR works for an SEC-registered firm. States may investigate and prosecute fraud by any IAR in their jurisdiction, even if the individual works for an SEC-registered firm.