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RIA Oversight- SEC or State—Some Guidance For Advisors

With the switch from SEC oversight to state oversight coming up on July 21, 2011 for those advisors with $25 million to $100 million, there are some conclusions  that are clear to advisory firms from the Dodd-Frank reform bill and some details still mired in what most of us would describe as a “gray area.”  Below are a few of the recently published articles that should provide answers to many (or at least some) of your questions.  Many articles have been puvlished, but I thought these, although all from RIABiz, captured the various issues surrounding “the switch.”

Each of the articles has a link to the state securities regulators.  The NASAA has put out a website to answer some of the frequently asked questions.

It’s looking official: Advisors switching to state oversight to face many more audits–RIABiz

Frustration mounts: Experts, RIAs identify six most important unknowns about the switch to state oversight–RIABiz

What advisirs should know about the next sweeping change: ‘the switch’ from SEC oversight to state regulation–RIABiz

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