Jack Herstein, NASAA

About the Author

Jack Herstein, NASAA

Jack E. Herstein is assistant director of the Nebraska Department of Banking and Finance and head of the department's Bureau of Securities. A graduate of the University of Nebraska, he began his one-year term as president of the North American Securities Administrators Association (NASAA) in September 2011. NASAA's membership includes 67 state, provincial, and territorial securities administrators in the 50 United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.

• SEC Private Placement Rule Threatens to Put Investors at Great Risk

  By Jack Herstein, NASAA  |  August 20, 2012

  A survey of state securities regulators found that fraudulent private placement offerings were ranked as the most common product or scheme leading to investigations and enforcement actions.

• Why Bachus’ SRO Bill Misses the Target

  By Jack Herstein, NASAA  |  June 1, 2012

  Bachus’ SRO bill would impose rigid exam standards on state regulators without corresponding standards on either the SEC or SROs.

• JOBS Act Is Dangerously Flawed Product of a Rush to Legislate

  By Jack Herstein, NASAA  |  March 23, 2012

  Congress and the White House are sacrificing investor protection for politics and are in danger of repeating a legislative mistake that has allowed promoters of fraudulent securities offerings to steal millions of dollars from investors since 1996.

• States Ready to Chip in to Boost Economic Recovery

  By Jack Herstein, NASAA  |  December 2, 2011

  All eyes are on the lingering effects of the 2008 financial meltdown, and federal policymakers are understandably anxious to find a formula that will revive the national economy and help bring unemployment levels down. The states are ready to help.

• As NASAA’s New President, My Top Priorities: SRO and ‘The Switch’

  By Jack Herstein, NASAA  |  October 3, 2011

  It looks like Rep. Bachus’ draft SRO bill would nationalize the regulation of small- and mid-sized advisors. NASAA believes this would be a costly mistake that will not benefit Main Street investors.