Alabama Senate Bill SR14

Alabama 2023 Regular Session

• Introduced: 3/22/23
• Refer: 3/22/23

Caption

COMMENDING MR. JOSEPH P. BORG FOR OUTSTANDING SERVICE TO HIS COUNTRY AND THE STATE OF ALABAMA.

Impact

The resolution highlights Mr. Borg's extensive service in various significant roles, including his presidency in the North American Securities Administrators Association (NASAA) and his engagement with international trade law. His leadership has been instrumental in providing consumers and investors with a regulatory framework that ensures fairness and transparency in the financial landscape. This resolution reinforces the importance of state-level regulations in safeguarding public interests against nefarious practices in the financial sector.

Summary

SR14 is a resolution commending Mr. Joseph P. Borg for his outstanding service to the State of Alabama and the United States over a remarkable 29-year career. Mr. Borg has served as the Director of the Alabama Securities Commission since 1994, where he has played a pivotal role in protecting investors and maintaining the stability of financial markets in Alabama. His contributions to state and national securities regulation have been widely recognized, making him a notable figure in the field of investment protection.

Contention

While the resolution itself does not present points of contention, the background of Mr. Borg suggests a history of navigating challenges in securities regulation, especially concerning federal preemption of state laws. His advocacy has involved addressing concerns over protecting local interests in the face of broader federal oversight, a topic that often stirs debate among policymakers and stakeholders in the financial sector.