The Washington Securities Division is proposing to amend the rules for investment advisers in Chapter 460-24A WAC. The proposed rules would update various provisions of the investment adviser rules, including the rules regarding financial reporting requirements, custody, books and records, and unethical practices.
All: State Rule Proposals
The Maryland Securities Commission has issued an order amending the Maryland Securities Act to adopt the NASAA Registration Exemption for Investment Advisers to Private Funds Model Rule concerning treatment of certain private fund advisers under the Dodd-Frank Act.
Washington’s Franchise Investment Protection Act, chapter 19.100 RCW (the “Act”), was amended to make technical corrections in the 2012 legislative session through Senate Bill 6172. The amendments better align the Act with the Federal Trade Commission’s Franchise Rule, 16 CFR § 436, and Washington’s Administrative Procedures Act. The amendments: Revise the franchise disclosure document delivery [...]
March 14, 2012 – The Washington Securities Division is proposing to amend Chapter 460-33A WAC, which provides an optional method of registration for “mortgage paper securities” as defined in WAC 460-33A-015(4). The proposed rules would strengthen investor suitability requirements; revise the calculation of the number of investors that may participate in a loan; establish requirements [...]