Tagged: nasaa

September 29, 2021 @ 7:27 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that represents state and provincial securities regulators, has distributed its annual Enforcement Report. In a public statement, NASAA said there have been a growing number of investigations and enforcement actions involving, precious metals, self directed IRAs,… Read More

January 23, 2021 @ 4:39 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) is distributing a letter sent to the Biden Administration asking the new President to “pause on the further expansion and deregulation of the private offering marketplace.” This includes exemptions created by the JOBS Act – a bill signed… Read More

November 24, 2020 @ 2:14 pm By JD Alois  |  

The exempt securities marketplace can be arcane and challenging to manage for entrepreneurs seeking to raise capital. The advent of online capital formation has helped to democratize access to capital as well as streamline securities offerings but hurdles do remain. A new startup co-founded by… Read More

November 13, 2020 @ 6:26 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) distributed a comment letter today outlining its opposition to the proposal by the Securities and Exchange Commission’s move to clarify the role of Finders. A Finder is an individual that finds investors for smaller firms. A lack of… Read More

October 27, 2020 @ 1:00 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) today announced the agenda and speakers for its October 27, 2020, Fintech and Cybersecurity Symposium. The online symposium will be held from 1 p.m. to 5 p.m ET. Registration information is available on NASAA’s website, www.nasaa.org. Following remarks… Read More

August 19, 2020 @ 2:29 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) reports that its COVID-19 Enforcement Task Force, has taken actions against 220 scams allegedly seeking to profit from the pandemic. These actions include including administrative actions, cease-and-desist orders, referrals to other regulators, and to social media and hosting… Read More

April 28, 2020 @ 3:27 pm By JD Alois  |  

  The North American Securities Administrators Association (NASAA) has created a new task force to address nefarious attempts of fraud leveraging the Coronavirus pandemic. The NASAA COVID-19 Enforcement Task Force is modeled after the “successful” Operation Cryptosweep that targeted digital asset scams and frauds. Christopher… Read More

April 4, 2020 @ 4:48 pm By JD Alois  |  

Last week, the North American Securities Administrators Association (NASAA) cautioned an SEC Committee about the potential for fraud during the COVID-19 outbreak. NASAA is the lobbying group that represents state and provincial securities regulators. Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau… Read More

March 17, 2020 @ 4:07 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that lobbies on behalf of state and provincial regulators, is “urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to expand access to high-risk private securities offerings to individual investors.” NASAA… Read More

January 8, 2020 @ 10:04 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has announced the launch of a new podcast series covering the escapades of securities regulators around North America. Entitled, Real Life Regulators, the podcast’s goal is to review and discuss fraud cases regarding the financial services industry. Christopher… Read More

December 26, 2019 @ 6:04 am By Cali Haan  |  

The North American Securities Administrators Association (NASAA) has identified cryptocurrencies as one of “the top five products or schemes likely to trap investors in the coming year.” NASAA, “represents state and provincial securities regulators in the United States, Canada, and Mexico,” and has, “a multifaceted… Read More

December 19, 2019 @ 7:34 pm By JD Alois  |  

The President of the North American Securities Administrators Association (NASAA), Christopher W. Gerold, has issued a statement regarding the Securities and Exchange Commission’s (SEC) proposal to modernize and improve the definition of an accredited investor. NASAA is the advocacy and lobbying group that represents state… Read More

October 29, 2019 @ 4:44 pm By JD Alois  |  

Christopher Gerold, President of the North American Securities Administrators Association (NASAA), recently spoke at NASAA’s 2019 Fintech & Cybersecurity Symposium. Gerold is also the Chief of the New Jersey Bureau of Securities. Gerold had this to say about Fintech: “Advances in financial technology [Fintech] and… Read More

September 16, 2019 @ 11:10 pm By JD Alois  |  

Reg CF [Regulation Crowdfunding], the smallest of the three crowdfunding exemptions created by the bi-partisan JOBS Act of 2012, became officially actionable in May of 2016. In that time, hundreds of issuers have raised money on FINRA regulated “funding portals” taking advantage of the internet… Read More

August 7, 2019 @ 3:55 pm By JD Alois  |  

130 Crypto Investigations Have Been Launched in the US and Canada The North American Securities Administrators Association (NASAA), the lobbying association representing state and provincial securities regulators, says there has been an increase in crypto-related fraud as “investors and con artists alike have returned to… Read More

July 23, 2019 @ 3:52 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has issued an investor advisory on “Initial Loan Procurements.” Initial Loan Procurements are described as “Crowdfunding Meets Blockchain.” To quote NASAA: “Companies using blockchain technology need to raise capital just like any other company. One way these companies… Read More

April 9, 2019 @ 7:49 pm By JD Alois  |  

Are you an informed investor? That’s what the North American Association of Securities Administrators (NASAA) wants to know when it comes to Robo-Advisors. The lobbying group has just posted an investor advisory cautioning individuals about the Fintech sector of Robo-Advisors. NASAA represents state and provincial… Read More

March 12, 2019 @ 9:00 pm By JD Alois  |  

Last week, the North American Securities Administrators Association (NASAA) issued their legislative agenda for the 116th Congress. Buried within their priorities were the Association’s concerns pertaining to emerging Fintech services. Fintech has the capacity to provide better services for both consumers and businesses – typically… Read More

December 18, 2018 @ 11:17 am By Doug Ellenoff  |  

This summer, with little fanfare, the North American Securities Administrators Association (NASAA) announced some interesting and, in our view, directionally enlightened ideas on potential changes to state securities laws as they relate to secondary market trading. If you aren’t familiar with NASAA, it is a… Read More

October 19, 2018 @ 9:01 am By JD Alois  |  

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… Read More