The Washington Securities Division is soliciting comments on the possible amendments of its rules to clarify that a person who uses a professional designation may be holding himself out as a financial planner, thereby necessitating registration as an investment adviser, and that the misleading use of professional designations is prohibited

July 6, 2007 

The Washington Securities Division is soliciting comments on the possible amendments of its rules to clarify that a person who uses a professional designation may be holding himself out as a financial planner, thereby necessitating registration as an investment adviser, and that the misleading use of professional designations is prohibited.We have broadened the scope of our inquiry into possible rule-making concerning professional designations as compared to the rule-making notice published in the Washington State Register in April, which pertained to the use of professional designations relating to senior citizens by broker-dealers, investment advisers, and their representatives.

Documents: 

• Preproposal Statement of Inquiry Form CR-101 (PDF)*
  Concerning the misleading use of professional designations.
• Preproposal Statement of Inquiry Form CR-101 (PDF)*
  Concerning the use of professional designations and registration as an investment adviser.

Comments:
If you have any questions or comments, please contact Faith Anderson at (360) 725-7825 or by email.