North American Securities Administrators Association Inc (NASAA)
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State regulators, Finra, SIFMA propose fee disclosure model for brokers
State regulators, Finra, SIFMA say their approach would clarify charges to investors, yet commissions and advisory fees are left out of the plan.
LPL to pay $1.4 million fine and return investor money for certain nontraded REIT sales
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Finra board to consider tougher expungement guidance to arbitrators
Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weight.
State regulators work on uniform approach to elder financial abuse
New measures are aimed at encouraging brokers to notify authorities when they suspect someone is trying to scam one of their clients.
State officials to flag brokers with disciplinary history selling insurance
The National Association of Insurance Commissioners to launch program to inform state insurance officials about agents in their state who have a disciplinary history with Finra.
State regulators to require continuity plans
Individual states will need to adopt model rules outlining policies investment advisers should have in place in case of natural disasters or death.
Senator says advisers need more protection in reporting elder financial abuse
Federal privacy laws should be clarified to protect financial advisers who tell authorities about suspected financial exploitation of the elderly, a Senate leader on senior issues said Wednesday.Sen. Susan Collins, R-Maine, chairwoman of the Senate Aging Committee, said giving safe harbor to
State regulators name top offerings likely to hurt investors in 2015
NASAA calls binary options, stream-of-income and marijuana schemes emerging investor threats.
Brokers charged by state securities officials see prison time rise
Enforcement actions by NASAA members resulted in one-third-longer sentences last year over 2012.
Beatty takes reins of NASAA, focuses on protecting senior investors
Other issues state regulators are tackling include expungement, broker fee disclosures and REIT concentration in portfolios.
Expungement reform top issue for state regulators this year
Potential changes to the process by which brokers can remove disciplinary information from their online records are under review.
Foot-dragging on rules harms investors
Regulators are notorious for dragging their feet, and investors suffer when new rules take too long to be finalized.
Are changes ahead in the way nontraded REITs are sold?
Fat commissions could be trimmed if states approve regulations affecting the sale of nontraded real estate investment trusts.
Restoring investors' confidence in the markets
The president of the North American Securities Administrators Association discusses what the financial industry needs to do to rebuild client trust.
New NASAA chief: Time to beef up the SEC
Ohio Securities Commissioner Andrea Seidt is concerned that the Securities and Exchange Commission is getting bogged down. As the newly appointed head of the North American Securities Administrators Association Inc., she wants state securities regulators to help the SEC get more federal funding and