Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, November 19, 2008

NASAA Announces Regulatory Reform Roundtable Next Month

The NASAA released five core principles to help guide the ongoing policy debate over the changes necessary to strengthen the nation’s financial services regulatory structure.  NASAA also announced that it will host a Regulatory Reform Roundtable next month in Washington, D.C. to discuss the Core Principles and present specific recommendations for future reforms.

The five core principles of regulatory reform are:

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.
Toughen enforcement and shore up private remedies.

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