NASAA to Host Regulatory Reform Roundtable

The North American Securities Administrators Association (NASAA) has announced that it will host a Regulatory Reform Roundtable on December 11 to outline the essential elements that the incoming administration and Congress should consider in the ongoing debate over the future of the nation’s financial services regulatory structure.

According to NASAA, state securities regulators will use the Roundtable to present their policy recommendations to ensure that the any new regulatory structure is "collaborative, efficient, comprehensive and strong." NASAA President Fred Joseph said policymakers can achieve these objectives by applying five core principles of regulatory reform:

- Preserve the system of state/federal collaboration while streamlining where possible;
- Close regulatory gaps by subjecting all financial products and markets to regulation;
- Strengthen standards of conduct, and use “principles” to complement rules, not replace them;
- Improve oversight through better risk assessment and interagency communication; and
- Toughen enforcement and shore up private remedies.

The Roundtable has been scheduled for Thursday, December 11 at the Phoenix Park Hotel in Washington, DC. Persons interested in attending should contact Lonnie Martin at lm@nasaa.org, or 202-737-0900 by December 9. Additional event details are available on the
NASAA website.