Latest Breaking News On - Uniform combined state law examination - Page 2 : comparemela.com

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 Commission (“SEC”), to register with the New York Department of Law’s Investor Protection Bureau (the “Department”) and meet new examination requirements. These supervised persons, called investment adviser representatives, have until August 31, 2021 to meet the new requirements and must have their registration approved before December 2, 2021 to continue operating within New York. As di

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