Current Headlines
September 17, 2024
NASAA Announces 2025 Fee Schedule for Investment Adviser Registration Depository System
NASAA today announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2025.
September 12, 2024
Andrea Seidt to Become NASAA’s Representative on the SEC Investor Advisory Committee
NASAA is pleased to announce that Andrea Seidt, NASAA Board Member and Commissioner of the Ohio Division of Securities, has been named as the representative of state securities commissions to the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC).
September 10, 2024
NASAA Installs New President and Board Officers at 2024 Fall Annual Meeting
NASAA announced that Leslie Van Buskirk, Administrator, Division of Securities, Wisconsin Department of Financial Institutions, became NASAA’s President during the 2024 NASAA Fall Annual Meeting held in Vancouver, British Columbia.
September 9, 2024
State and Provincial Securities Regulators Announce Multi-Million Dollar Settlement Terms with Josip Heit, GS Partners, and its Affiliates
NASAA announced today that a working group of state securities regulators has reached a muti-million-dollar settlement with GSB Gold Standard Corporation AG, a company based in Germany that purportedly operates in the fintech and banking industries, and GSB Gold Standard Bank LTD, more commonly known as “GS Partners.” The settlement also names Josip Heit, the principal and Chairman of the Board of GS Partners, and other affiliated organizations that are often collectively known as the “GSB Group.”
September 9, 2024
NASAA Releases Annual Report on State-Registered Investment Advisers
NASAA released its 2023-2024 Investment Adviser Section Annual Report, which provides a snapshot of the state-registered investment adviser industry and the related regulatory activities of state securities regulators.
May 13, 2024
NASAA Seeks Public Comment on Proposed NASAA Model Franchise Broker Registration Act
NASAA is seeking public comment on a proposed NASAA Model Franchise Broker Registration Act (Franchise Broker Act). The proposed model act is posted on the NASAA website with instructions to the public on how to submit comments. The deadline for submitting comments is June 7, 2024. Following the public comment process, the model act may be submitted to the NASAA membership for approval.
May 6, 2024
NASAA Members Approve Amendments For Two Model Rules
NASAA announced that at a membership meeting today NASAA members have voted to adopt amendments to two NASAA Model Rules. NASAA amended its Model Rule Exempting Certain Merger & Acquisition Brokers (“M&A Broker Rule”) From Registration by revising it to achieve uniformity with federal law, specifically the amendments to subsection 15(b)(13) of the Securities Exchange Act of 1934 to exempt certain M&A Brokers from broker-dealer registration. NASAA also amended its Model Rule: Examination Requirements for Investment Adviser Representatives (IAR Examination Requirements Model Rule), by updating the list of eligible professional certifications that can be used to exempt individuals from examination requirements.
February 27, 2024
NASAA Releases 2023 Enforcement Report
NASAA today announced that a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) have reached a $3 million settlement with TradeStation Crypto, Inc.(TradeStation) concerning its crypto interest-earning program.
February 7, 2024
NASAA and SEC Announce $3 Million Settlement with TradeStation over Crypto Interest-Earning Program
NASAA today announced that a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) have reached a $3 million settlement with TradeStation Crypto, Inc.(TradeStation) concerning its crypto interest-earning program.
January 25, 2024
