On September 9th, 2012, at the annual meeting of the North American Securities Administrators Association Inc. (NASAA) in Coronado, California, the top five types of violations in some areas of supervision at broker-dealers were: failure to follow written supervisory policies, suitability, correspondence/e-mail, maintenance of customer account information and internal audits, according to the results of […]

Bruce Kelly writes in a February 9th., 2012 article for InvestmentNews.com that securities regulators are taking a close and careful look at a fast-growing alternative investment known as a nontraded business development company. The InvestmentNews.com article states that the North American Securities Administrators Association is “gearing up to draft a statement of policy” on nontraded […]

In an article for InvestmentNews.com, November 9th., 2011, Mark Schoeff Jr. writes that the Securities and Exchange Commission (SEC) engaged in an unprecedented crackdown on investment advisers over the last year, contributing to an overall surge in agency enforcement. The SEC announced that it filed 146 enforcement actions against investment advisers and investment companies during the […]