Crowdfunding Bill Paves Way for Fraud: NASAA
A bill that would allow crowdfunding for businesses has regulators worried that investors would be left unprotected.
Securities Regulators Find Enforcement Actions by States Surged 51% in 2010
NASAA released findings of a report on Oct.19 that found a 51% increase in the number of enforcement actions by state securities regulators in 2010
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.
Congress Urged to Preserve States' Authority in Any SRO for Advisors
Just as the Pennsylvania Securities Commissioner was warning members of a House subcommittee on Tuesday to not trump states’ authority in potentially requiring an SRO for advisors, the newly christened NASAA president was beating the same drum miles away.
As State Securities Regulators Worry About SEC Funding, Government Shutdown Looms
As state securities regulators gathered at their annual public policy conference in Washington on Monday, the threat of a government shutdown looked imminent.