The North American Securities Administrators Association (NASAA), founded in
Kansas
Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas is named a ...
in 1919, is the oldest international investor protection organization. NASAA is an association of state securities administrators who are charged with the responsibility to protect consumers who purchase
securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
or investment advice. NASAA's membership consists of 67 administrators from the territories, districts, and states of the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, from
Mexico
Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...
, and from the provinces of
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
.
In the United States, NASAA is the voice of state securities agencies responsible for efficient capital formation and grassroots investor protection. NASAA's fundamental mission is protecting consumers who purchase securities or investment advice, and its jurisdiction extends to a wide variety of issuers and intermediaries who offer and sell securities to the public.
Through the association, NASAA members participate in multi-state enforcement actions and
information sharing. NASAA also coordinates and implements training programs and education seminars for state, district, provincial, and territorial securities agency staff. The
Uniform Securities Agent State Law Exam is written by NASAA and administered by
FINRA.
Representative of the nature of its activities are its frequent warnings regarding
investment fraud, its focus on the
tax advantages of college plans, and its involvement in
naked short selling litigation aimed at the
Depository Trust and Clearing Corporation.
NASAA also provides a coordinated review process for companies using
Regulation A of the
Securities Act of 1933
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and afte ...
to raise capital.
Presidents
2022:
Senter Lubin, Maryland
2021:
Lisa Hopkins, West Virginia
2020: Christopher W. Gerold, New Jersey
2019: Michael Pieciak, Vermont
2018: Joseph Borg, Alabama
2017: Mike Rothman, Minnesota
2016: Judy Shaw, Maine
2015: Bill Beatty, Washington
2014: Andrea Seidt, Ohio
2013: A. Heath Abshure, Arkansas
2012: Jack E. Herstein, Nebraska
2011: David S. Massey, North Carolina
2010:Denise Voigt Crawford, Texas
2009: Fred Joseph, Colorado
2008: Karen Tyler, North Dakota
2007:
Joseph Borg, Alabama
2006: Patricia D. Struck, Wisconsin
2005: Franklin L. Widmann, New Jersey
2004: Ralph A. Lambiase, Connecticut
2003:Christine A. Bruenn, Maine
2002:
Joseph Borg, Alabama
2001:Deborah R. Bortner, Washington
2000: Bradley W. Skolnik, Indiana
1999: Peter C. Hildreth, New Hampshire
1998: Denise Voigt Crawford, Texas
1997: Mark J. Griffin, Utah
1996: Dee Riddell Harris, Arizona
1995: Philip A. Feigin, Colorado
1994: Craig A. Goettsch, Iowa
1993: Barry Guthary, Massachusetts
1992: Lewis W. Brothers, Jr., Virginia
1991: Doug Mays, Kansas & John R. Perkins, Missouri
1990: Susan E. Bryant, Oklahoma
1989: John C. Baldwin, Utah
1988: James C. Meyer, Tennessee
1987: F. Daniel Bell, III, North Carolina
1986: Royce O. Griffin, Colorado
1985: H. Wayne Howell, Georgia
1984: Michael Unger, Massachusetts
1983: Richard D. Latham, Texas
1982: David Hart Wunder, Illinois
1981:
Thomas L. Krebs, Alabama
For presidents prior to 1981, See Official website (below).
See also
*
Uniform Securities Act
*
Uniform Securities Agent State Law Exam (Series 63)
References
External links
*
{{Authority control
Organizations established in 1919
United States securities law
Financial regulation
Finance industry associations