NASAA - North American Securities Administrators Association

  • 2023 1204 - Letter - ACLI to NASAA - Re: Proposed Revisions to NASAA’s Dishonest or Unethical Business Practices of Broker-Dealers and Agents Model Rule, North American Securities Administrators Association - 9p
    • The Report and Proposal do not adequately detail market failures from the current regulations applicable to the sale of variable insurance products necessitating a new model proposal additive to Reg BI principles
  • NASAA/NAIC Joint Regulatory Insurance Products Study Committee
    • 1980-1, NAIC Proceedings -
    • (B) Presented a letter of November 28, 1979 from Arkansas Securities Commissioner, Harvey L. Bell, current President of the North American Securities Administrators Association (NASAA), to William H.L. Woodyard, III. 3
      • This letter invited the NAIC Executive Committee to consider forming a joint committee with NASAA.
      • The joint committee would study "other than traditional" life products and examine possible regulation of tax-oriented financial advisor services.
        • The Executive Committee adopted a motion to allow the President and Executive Committee Chairman to make the appropriate response to the letter. (p39)
  • (p61) - NASAA - Prepared Statement of David Massey,  NASAA President and North Carolina Deputy Securities Administrator
  • F. Improving Regulation of Financial Planners (Section 919C)
  • Section 919C of Dodd-Frank required a GAO study of the adequacy of financial planning regulation.
    • Deferring to a study was a reasonable approach for Congress to take, since the crowded legislative calendar in the midst of the crisis did not allow for an adequate review of the issues or of various proposals that have been put forward to improve financial planning regulation.
      • Unfortunately, the GAO study on financial planning regulation,7 which was released in January, represents a real missed opportunity.
    • ⇒  While it correctly highlights problems with the weak conduct standards that apply to insurance agents, it fails to address the basic question of how best to regulate activity that cuts across a variety of regulatory domains.8
    • This is an important question that deserves more thoughtful analysis than it received in the GAO study.
    • Indeed, we would encourage this Committee to look into the issue once the press of overseeing implementation of Dodd-Frank has passed.
  • State regulators bring to the FSOC the insights of ‘‘first responders’’ who see trends developing at the State level that have the potential to impact the larger financial system.

2011 0712 - GOV (Senate-Banking) - Enhanced Investor Protection After The Financial Crisis, Tim Johnson, (D-SD)  ---  [BonkNote]