Guidance for State-Registered Investment Advisers Regarding CARES Act Loans

The Washington State Department of Financial Institutions, Securities Division (DFI), is aware of the loan programs available to eligible employers under the CARES Act (CARES Act loan). 

Based on the disruptions caused by the COVID-19 outbreak affecting state registered investment advisers (Adviser), DFI has received a number of inquiries from Advisers regarding CARES Act loans and their impact to the net worth requirements prescribed in WAC 460-24A-170 for investment advisers.

Guidance for State-Registered Investment Advisers Regarding CARES Act Loans