TDCI Assistant Commissioner Named President-Elect of Securities AssociationBorger-Gilligan Will Serve As NASAA President-Elect in 2018-19, President in 2019-20
NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI) announces that TDCI Assistant Commissioner of Securities Frank Borger-Gilligan has been selected as President-Elect of the North American Securities Administrators Association (NASAA) for the 2018-19 term. NASAA, which is the nation’s oldest investor protection agency, made the announcement during their annual meeting recently in Anchorage, Alaska.
“Main Street investors in Tennessee and across the country face a growing number of threats to their financial stability that cannot be overestimated,” said Borger-Gilligan, who previously served as Chair of NASAA’s Broker-Dealer Section Committee and Vice-Chair of its Fintech Committee. “As NASAA President-Elect, I will help bring attention to the risks that consumers face and, hopefully, we can stop those who would harm investors. I support NASAA’s focus on increased cybersecurity, raising awareness of elder financial abuse and promoting a more solid regulatory framework for capital formation.”
Borger-Gilligan joined TDCI in 2013 where he first served as the Director of Securities Enforcement and Insurance Fraud Investigation before being named Assistant Commissioner in 2015. Prior to his tenure at TDCI, Borger-Gilligan served as an Assistant Attorney General for the Tennessee Attorney General’s Office. A former Assistant District Attorney in Philadelphia, Penn, Borger-Gilligan attained his juris doctor (J.D.) from DePaul University.
Said TDCI Commissioner Julie Mix McPeak: “Frank has been selected by his colleagues because of his commitment to protecting and educating consumers. I am confident that he will make Tennessee proud as he helps consumers across the country learn to avoid financial threats and be more savvy consumers. This is a tremendous honor for Frank, our Department, and the State of Tennessee. I congratulate him on this achievement.”
The North American Securities Administrators Association (NASAA) was organized in 1919, making it the oldest international investor protection agency. NASAA’s 67 members are state, provincial, and territorial securities administrators representing the 50 United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico. Their mission is to protect investors who purchase securities, provide investment advice to consumers, and provide jurisdiction for issuers and intermediaries of securities products.
Upon completion of his term as President-Elect, Borger-Gilligan will serve as President of the NASAA for the 2019-2020 term. Additionally, NASAA announced the group will hold their 2020 conference in Nashville.