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Regulation and Compliance > State Regulation > NASAA

NASAA Selects Andrew Hartnett as New President

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The North American Securities Administrators Association announced Tuesday that Andrew Hartnett, deputy administrator for securities for the Iowa Insurance Division, has begun a one-year term as NASAA’s new president.

He succeeds Maryland Securities Commissioner Melanie Senter Lubin.

Hartnett began serving as Iowa’s deputy administrator for securities in 2019. He directs the state’s Securities and Regulated Industries Bureau.

He has served on the NASAA Board of Directors since 2019, including two years as treasurer, and chaired NASAA’s Enforcement Section Committee twice. He has also chaired its Broker-Dealer Section Committee, and led three NASAA Project Groups which focused on cybersecurity, technology and federal legislation.

Hartnett held previous posts in Missouri as commissioner of securities, as chief of staff for the Missouri attorney general, and as assistant attorney general of the Consumer Protection Division for the Missouri attorney general.

“I’m honored and humbled to have this opportunity, and I eagerly look forward to the year ahead and working with my colleagues on the pocketbook issues that are so important to Main Street investors,” Hartnett said in a statement.

At NASAA’s annual meeting, held Sept. 18-20 in Nashville, Hartnett said his priorities for the coming year include engaging with lawmakers and other regulators on digital asset regulation, combating financial fraud perpetrated against older investors, and Regulation Best Interest implementation.

Hartnett told ThinkAdvisor in an email message “NASAA has focused a lot of energy and resources in seeking to understand how Regulation Best Interest is being implemented and its impact on investors. Currently, states are conducting onsite examinations of broker-dealers and gathering data as part of this effort. For some, this topic might be about the resources firms have dedicated to implementing the rule and that’s certainly one part of the discussion. But at the end of the day, this regulation is really about pocketbook issues for Main Street investors.”


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