New NASAA Initiative Focuses on Senior Investor Issues

The North American Securities Administrators Association ("NASAA") announced the formation of a new Board-level committee to tackle a wide range of challenges confronting senior investors, regulators and security industry professionals.

According to the NASAA press release, at least a third of NASAA members' enforcement actions involve senior investors. The new Committee on Senior Issues and Diminished Capacity will be chaired by Montana Deputy Securities Commissioner Lynne Egan and will include representatives from the NASAA Board of Directors and from each NASAA section, as well as Canadian securities regulators.

See: NASAA Press Release.