State securities regulators are mourning the recent death of their colleague — and friend — Wisconsin Securities Administrator Patricia “Patty” Struck, who passed away on Dec. 20.
Struck, always a cheerful presence at any occasion, was a past president and board member for the North American Securities Administrators Association, as well as chair of NASAA’s Investment Adviser Section and State Legislation Committee.
A member of the Department of Financial Institutions since its formation in 1996, Struck, 63, also served as vice chair of NASAA’s Board-level Committee on Senior Issues and Diminished Capacity.
“Patty’s leadership at NASAA, whether as president, a member of the Board of Directors or as a section and committee chair was distinguished not only by her command of the subject matter but her diplomatic skills as well,” said Judith Shaw, NASAA president. “We will all miss the quiet, thoughtful leadership Patty brought. She valued respect and collaboration – two of the guiding principles of her NASAA presidency and was a strong advocate for investor protection.”
Struck spoke with ThinkAdvisor last April about NASAA’s model rule for business and succession plans, which, while not mandatory, provide a roadmap for those states that choose to regulate succession planning for advisors.
“For all that Patty was to NASAA as a leader, a colleague, and a mentor she was first and foremost a friend,” said Shaw. “Patty always had kind things to say in every situation and we are better for having known her. We miss her greatly.”