The North American Securities Administrators Association said Tuesday that Maine Securities Administrator Judith M. Shaw began a one-year term as NASAA’s president, replacing Washington Securities Director William Beatty.
NASAA announced the same day that its Board of Directors approved for comment a proposed model act to address issues faced by broker-dealer and investment advisor firms and their employees when confronted with suspected financial exploitation of seniors and other vulnerable adults.
Shaw said during remarks at NASAA’s 98th Annual Conference in San Juan, Puerto Rico, that “in this age of technology and electronic marketing, borders are virtually nonexistent,” and encouraged state securities regulators to “increase collaboration with our federal partners in both the regulatory and self-regulatory spaces. Opportunities abound.”
State securities regulators, she said, “share the same mission and should be strong partners in the fight to protect investors and generate renewed confidence in the capital markets.”