The North American Securities Administrators Association has named a new president and new board of directors.

Joseph Borg, director of the Alabama Securities Commission, was elected to a one-year term as president of the NASAA. Borg, who served as NASAA president in 2001-2002, succeeds Wisconsin Securities Administrator Patricia Struck. North Dakota Securities commissioner Karen Tyler will serve as NASAA’s president-elect. Tyler will succeed Borg as NASAA president in the fall of 2007.

In an address at NASAA’s 89th annual conference in San Diego, Borg said he intends to build on the momentum of past NASAA presidents and will continue working with fellow regulators and industry representatives to serve the best interests of investors.

“When it comes down to it, while we may have our differences, they should not diminish our common goal of doing what’s right for investors to maintain their trust and confidence,” Borg said. “NASAA and its member jurisdictions are on the right path. I want to build on the progress we’ve made, the successes we’ve had, and help NASAA to continue to move forward.”

Borg also said he will actively work to increase coordination and cooperation with other regulators, specifically state and federal banking regulators and state insurance regulators. “Since my first term, I believe NASAA, and our colleagues at the SEC, as well as the New York Stock Exchange and NASD, have made great strides toward our mutual goal of cooperative and complimentary securities regulation. But as the financial services industry continues to evolve and as new financial products come to market, we need to try to cooperate even more,” he said.

For the past year, Borg has served as NASAA’s president-elect. Previously, he served as a member of NASAA’s board and as chair of its enforcement section. He is currently a delegate to an Intergovernmental Expert Group for the United Nations Commission on International Trade Law (UNCITRAL) to prepare a study on International Fraud and the Criminal Misuse and Falsification of Identity. Borg has held the position of Director for the Alabama Securities Commission since 1994.

NASAA also announced its 2006-2007 board, including: president-elect Tyler; Glenda Campbell, vice chair of the Alberta Securities Commission; Denise Voigt Crawford, Texas Securities commissioner; Michael Johnson, Arkansas Securities commissioner; Fred Joseph, Colorado Securities commissioner; James Nelson II, Mississippi assistant secretary of state, business regulation and enforcement; and James Ropp, Delaware Securities commissioner. Struck will continue to serve on NASAA’s board as past president. Don Saxon, commissioner of Florida’s Office of Financial Regulation, will serve as NASAA ombudsman.