State-level securities regulation more aggressive

(October 23) The annual enforcement survey of the North American Securities Administrators Association (NASAA) released today shows an increase in state-level securities law enforcement.

State securities regulators investigated roughly 6000 cases. About 10% were related to financial abuse of seniors. Unregistered sellers of unregistered securities amounted to the largest single category of investment fraud. NASAA members were able to restore $2.2B to investors in calendar-year 2011, and prison sentences resulting from state-initiated securities law enforcement actions came to over 1,650 years in total, a 50% jump from the previous year.

(North American Securities Administrators Association at