Jack E. Herstein, Assistant Director of the Nebraska Department of Banking and Finance and head of the Department’s Bureau of Securities, began his one-year tenure Tuesday as President of the North American Securities Administrators Association (NASAA).
Herstein gave his inaugural address during the annual NASAA conference in Wichita, Kansas. NASAA is celebrating 100 years of state securities regulation in the state which enacted the first laws to protect investors.
A Lincoln native and 1973 graduate of the University of Nebraska, Herstein joined the Bureau of Securities in 1977 as a Securities Examiner. He has directed the Bureau since 1986 in its regulation of the sale of securities and the securities industry in this state. Herstein spent the last year serving as NASAA President-Elect. He also has been a member of its board of directors, treasurer, and chair of a number of its committees. In 2005 and 2006, Herstein was an official observer of the Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies.
Organized in 1919, NASAA is the oldest international organization devoted to investor protection. It is a voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico.