Deadline For Switch To State Regulation Is Extended

Tuesday, April 03, 2012 11:08
Deadline For Switch To State Regulation Is Extended

Tags: compliance | regulation | RIA compliance

RIA firms needing to change from SEC oversight to a new program offered by the North American Securities Administrators Association (NASAA) have another month to do so. The initial deadline for selecting coordinated review by multiple state regulators has been extended to April 30. The program is designed for registered investment advisors (RIAs) who register in as many as four to 14 states.

This Website Is For Financial Professionals Only

To take advantage of the program, you need to go to the NASAA Switch Resource Center website and download the proper forms. Mid-size firms with assets between $25 million and $100 million are designated by the Dodd-Frank Act to become regulated under states rather than the SEC.

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