FLORIDA OFFICE OF FINANCIAL REGULATION COMMISSIONER DON SAXON HONORED BY NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION

Don B. Saxon, Commissioner of Florida’s Office of Financial Regulation, has been honored by the North American Securities Administrators Association (NASAA) with its prestigious Blue Sky Award during the association’s 89th Annual Conference in San Diego on September 18.

NASAA’s Blue Sky Award is the association’s highest honor and recognizes career achievement as well as distinguished contributions to securities regulation. This marks the second time Commissioner Saxon has been honored by the association of state securities regulators. He first received the Blue Sky Award in 1996.

The award is named after state securities laws, which are commonly referred to as “blue sky” laws. The first modern state blue sky law was adopted in 1911 in Kansas. The Kansas law served as the nationwide model for state securities regulation.

In presenting the award to Commissioner Saxon, NASAA said:

“You have served investors in Florida and throughout North America with great distinction during a NASAA career that few can match. Your well-reasoned, respected, and dignified voice continues to send a clear message to fellow regulators, state and federal policymakers, and the financial services industry, that the best interests of investors must always be served without fail.”

Commissioner Saxon, who serves currently as NASAA’s ombudsman, has enjoyed a distinguished career at NASAA, including service as a member of the Board of Directors and vice-chairman of the Broker-Dealer Section. He is a leading authority in strengthening the training of state securities regulators and enhancing the continuing education of financial services industry representatives.

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.