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Posted by Jacob Resneck, CoastAlaska | Jan 8, 2021
The Nome Nugget was founded in 1899. (Photos courtesy of KNOM)
The state’s financial regulator fined Austin Ahmasuk $1,500 for a letter to the editor he had published in the Nome Nugget in 2017. They said he should have filed paperwork under regulations that require shareholders to disclose their connections before soliciting votes called proxies.
Austin Ahmasuk argued that his letter wasn’t supporting or criticizing any individuals running to lead the Alaska Native Claims Settlement Act (ANCSA) village corporation of which he’s a shareholder. And that the regulations didn’t apply to his letter’s broad call to action.