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The Securities and Exchange Commission (the "SEC") requires SEC-registered investment advisers and Exempt Reporting Advisers1to annually update the information on their Form ADVs.
To print this article, all you need is to be registered or login on Mondaq.com. Q: I would like to create and manage a fund for investments in various securities of public and private companies in Massachusetts. Do I need to register as an investment adviser with the Securities and Exchange Commission ("SEC") and the Massachusetts Securities Division? A: The SEC and the Massachusetts Securities Division considers an investment adviser to be any person who, for compensation, renders investment advice or provides financial planning services that includes investment advic...
What You Need To Know: Personnel for certain investment advisers and solicitors with natural person clients in New York will have to meet new registration and examination requirements. Affected persons must be approved before December 2, 2021, to continue conducting investment advisory business in New York state. Effective February 1, 2021, amendments to the New York Investment Advisory Act (the “Amendments”) require supervised persons representing certain New York-registered investment advisers, and, to a lesser degree, investment advisers registered with the Securities and Exchange Comm...
Thursday, January 28, 2021 Key Points Beginning February 1, new and amended rules will go into effect in New York that require certain individuals associated with investment advisers to register with the state and to meet examination requirements (or qualify for exemptions therefrom). With respect to investment advisers registered with the Securities and Exchange Commission (SEC), these new registration and examination requirements will only apply to individuals who meet the federal definition of an "investment adviser representative," while a broader range of persons associated wit...
Key Points Beginning February 1, new and amended rules will go into effect in New York that require certain individuals associated with investment advisers to register with the state and to meet examination requirements (or qualify for exemptions therefrom). With respect to investment advisers registered with the Securities and Exchange Commission (SEC), these new registration and examination requirements will only apply to individuals who meet the federal definition of an "investment adviser representative," while a broader range of persons associated with New York State-registered investmen...