All: Industry Resources

Amendments to Federal Regulation D by Washington State Under Consideration

The Washington State Securities Division is considering proposing to amend WAC 460-44A to make ministerial updates to account for amendments to federal Regulation D.  The relevant files are below. CR-101 – Interested Persons Correspondence (pdf) WSR 14-02-126 (pdf)   Print | PDF | Email

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FAQ: Disqualification of Bad Actors from Regulation D Offerings and the Lifting of the Ban on General Solicitation

On July 10, 2013, the Securities and Exchange Commission (SEC) adopted rules eliminating the prohibition on general solicitation and general advertising and disqualifying felons and other “bad actors” from Rule 506 offerings. The rules became effective on September 23, 2013. NASAA has prepared the following FAQ that addresses certain issues relating to the General Solicitation […]

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IA Switch Report

The IA Switch: A Successful Collaboration to Enhance Investor Protection   Download The regulatory transfer of more than 2,100 investment advisers from federal to state oversight, commonly known as the IA Switch, was one of the most significant achievements in the history of the North American Securities Administrators Association (NASAA). The Switch stemmed from Section 410 of the Dodd-Frank Wall Street Reform […]

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Important Announcement Regarding Fees for the Series 63, 65, and 66 Exams

Effective June 1, 2013, the enrollment fees for the Series 63, 65, and 66 examinations will increase. Candidates enrolling for the Series 63, 65, or 66 on or after June 1, 2013, will be charged the following: Examination     Enrollment Fee Series 63     $115 Series 65     $155 Series 66   […]

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IA Links

NASAA Investment Adviser Guide  Form ADV  For answers to interpretive questions about Forms ADV or U-4, state registrants should check first with appropriate state securities regulators. A list can be found here. IARD  Information on nationwide electronic registration for investment adviser firms and representatives. Fee Information A guide to information about the fees to register investment […]

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IA Switch Calendar of Events

NASAA members are holding seminars in the months leading up to the IA switch to help investment advisers within their jurisdictions prepare to change to state regulation. Be sure to check this page frequently for events in your area. 2012   Month          Event     July     July 27, 2012IA […]

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Registration Schedule for Switching Firms

The Securities and Exchange Commission has developed the following registration schedule for investment advisers in order to facilitate the transition between federal and state registration: For Mid-Sized IAs Registered with the SEC as of Jan. 1, 2012: Mid-sized advisers registered with the SEC on July 21, 2011 must remain SEC registered until Jan. 1, 2012. File amendment […]

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Switch Eligibility

Who Switches? The switch will affect investment advisers with assets under management between $25 million and $100 million with a principal office and place of business in a state where investment advisers are required to be registered and, if registered, are subject to examination. Who Does Not Switch? Investment advisers will remain under SEC oversight […]

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IA Switch Resource Center

By signing the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, President Obama set in motion a change for many mid-sized investment adviser firms.

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NASAA, NASD, and NYSE Regulation Applaud SEC Approval of New, Uniform Definition of “Branch Office” and Centralized Registration System

Action to Reduce Regulatory Burden on Firms Result of Joint Initiative Washington DC and New York (October 6, 2005) — New York Stock Exchange (NYSE) Regulation, NASD and the North American Securities Administrators Association (NASAA) today applauded the U.S. Securities and Exchange Commission (SEC) for approving a common definition of “branch office” in the securities […]

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