Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, September 28, 2010

NASAA Announces Assistance for Investment Advisers Switching from Federal to State Regulation

NASAA today launched an online resource to help investment adviser firms prepare to switch from federal to state regulation.  The new NASAA IA Switch Resource Center provides a series of resources to keep firms  informed of the upcoming registration switch, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Under the new law, investment advisers with assets under management of less than $100 million will be required to register with and be examined by state securities regulators. The previous threshold had been $25 million. The new law takes effect on July 21, 2011.

The IA Switch Resource Center includes background information, answers to frequently asked questions and a directory of state contacts. Users of the site also are able to send their questions to NASAA. These questions, in turn, will be used to update the site’s FAQ.


 

http://lawprofessors.typepad.com/securities/2010/09/nasaa-announces-assistance-for-investment-advisers-switching-from-federal-to-state-regulation.html

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