Alaska's top securities official has resigned over opposition he faced from Alaska Native corporations, The Anchorage Daily News reports.
Vince Usera, a securities examiner for the Division of Banking, Securities and Corporations, tried to revamp the regulations the corporations must follow. He was seeking greater accountability and disclosure but ran into opposition from the corporations, who said they were being unfairly targeted.
The corporations were created by the Alaska Native Claims Settlement Act of 1971. They are not tribes.
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State securities examiner abruptly resigns
(The Anchorage Daily News 5/17)
Business
Native corporation opposition prompts resignation
Monday, May 17, 2004
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