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Commerce Commissioner Mike Rothman Begins Term as NASAA President

9/14/2016 10:28:30 AM

For Immediate Release:

SAINT PAUL, MN– Minnesota Department of Commerce Commissioner Mike Rothman began a one-year term after having been elected president of the North American Securities Administrators Association (NASAA), the oldest international organization devoted to investor protection and responsible capital formation.

In his inaugural address at NASAA’s 2016 Annual Conference in Providence, Rhode Island, Rothman issued a call for greater collaboration among regulators at all levels of government.

“Collaboration and working together is critical to our common regulatory imperative and mission: to protect investors from fraud and abuse, maintain fair and efficient financial markets, and support responsible capital formation to make a better economy,” Rothman said. “I would like us to look at additional opportunities for multi-jurisdictional investigations, examinations and other initiatives. We also plan to build on our multi-jurisdictional registration systems and technology, to enhance uniformity and efficiency in regulation.”

“As NASAA president, I hope to build on our strengths and accomplishments,” Rothman said. “We will focus on continuing to make NASAA an even better organization, stronger in our service to our state and provincial members and, above all, stronger in helping carrying out our responsibilities to protect the investing public.”

Rothman also identified his priorities for NASAA to undertake during his term, including: providing greater resources to help regulators and industry strengthen their cybersecurity practices; enhancing the multi-jurisdictional enforcement efforts of NASAA members and encouraging greater collaboration with federal agencies, the securities industry, law enforcement agencies and criminal prosecutors; strengthening NASAA’s leadership in protecting senior investors and vulnerable adults; building collaborative partnerships at the local, provincial, state and national levels in support of investor education and financial capability; continuing NASAA’s role in coordinating state efforts to promote responsible small business capital formation and investment opportunities; and further improving and delivering key services and resources to NASAA members.

For the past year, Rothman has served as NASAA’s president-elect. Previously, he served NASAA as Treasurer, chair of the Multi-Jurisdictional Matters Committee, vice chair of the Cybersecurity Committee, and as a member of the Senior Issues and Diminished Capacity, Capital Formation, Federal Legislation, Strategic Planning and Mergers and Acquisitions/Finders committees. He was appointed as Commissioner of the Minnesota Department of Commerce in 2011 by Governor Mark Dayton.

Complete Text of President Rothman’s Inaugural Address

Media Contact:
Ross Corson
Director of Communications
Minnesota Department of Commerce
P: 651-539-1463 | C: 651-368-5050 |


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