David Massey, NASAA

About the Author

David Massey, NASAA

David S. Massey is the North Carolina Deputy Securities Administrator. On Sept. 28, 2010, he began serving a one-year term as president of the North American Securities Administrators Association (NASAA).

NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.

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  Lyin’, Cheatin’ and Stealin’: Themes of NASAA’s Top Investor Traps

  By David Massey, NASAA  |  August 19, 2011

  State regulators ask advisors with scruples to help identify unscrupulous con men who become more active as market volatility rises.

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  Dodd-Frank Is Providing Meaningful, Tangible Benefits to Investors

  By David Massey, NASAA  |  July 18, 2011

  At the one-year anniversary of Dodd-Frank, my message to Congress is clear: Don't weaken the law's critical investor protections.

• Why House Bills on June 22 Would Weaken Investor Protection: NASAA's Concerns

  By David Massey, NASAA  |  June 21, 2011

  House Financial Services Committee is scheduled to mark up two bills: one exempting private equity fund advisors from SEC registration, the other on Reg A expansion.

• Wheels of Progress Turn Slowly in 'Switching' of Advisors

  By David Massey, NASAA  |  May 16, 2011

• An Update on the 'Switch' and a Brief History Lesson

  By David Massey, NASAA  |  March 11, 2011

• NASAA's Legislative Blueprint for Investor Protection

  By David Massey, NASAA  |  February 9, 2011

• 2011: A Year of Change for Advisors

  By David Massey, NASAA  |  January 6, 2011

  The SEC has released its proposed transition schedule regarding the "switch," which becomes effective July 21, and NASAA would like feedback from you on its proposed rule on private fund advisors.

• Investment Advisors Do Not Need an SRO

  By David Massey, NASAA  |  December 8, 2010

  Any perceived benefits of designating an SRO for advisers would be outweighed by the SRO’s direct and indirect costs, opaque structure, and lack of accountability and transparency.

• Dodd-Frank, Fiduciary and the 'Switch'

  By David Massey, NASAA  |  November 11, 2010

  The SEC should avoid efforts to adopt or otherwise promulgate a fiduciary standard for brokers that is any less stringent than the Investment Advisers Act fiduciary standard.

• The State Perspective: Massey on the New Form ADV Part II

  By David Massey, NASAA  |  October 6, 2010

  NASAA recommends that states that have adopted the Form ADV for use in the investment advisor registration process and for disclosure purposes should begin using the new Part 2 according to a specific schedule.