Broker- Dealer Law Corner

Broker- Dealer Law Corner

Category Archives: NASAA

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NASAA Releases Its List Of Top Five “Investor Threats”: Same As It Ever Was

Posted in Annual Report, NASAA
Right around Christmas, NASAA, the North American Securities Administrators Association, which is comprised of the securities regulators from each of the 50 states, released its annual list of the top five threats to investors.  To compile the list, NASAA polled each state’s securities commissioner to learn the “the five most problematic products, practices or schemes.” … Continue Reading

NASAA’s Model Fee Disclosure Template: Welcome, Regulators, To My World, Where Customers Read Nothing, But Without Consequences

Posted in Arbitration, Disclosure, Fees, FINRA, NASAA
Yesterday, NASAA released a Model Fee Disclosure Template for broker-dealers, urging firms voluntarily to adopt the model as a means of clearly disclosing to customers and prospective customers the types and amounts of various miscellaneous fees that BDs ordinarily charge their customers. Working with FINRA, SIFMA, the FSI, LPL Financial LLC, Morgan Stanley Smith Barney… Continue Reading