Investment Adviser News Archive
Archive of news of interest to investment advisers.
Investment Adviser Annual Filing Notice for 2014
The final stage of the annual renewal process is your fiscal year end filings. These must be completed within 90 days after your fiscal year end. If your fiscal year end is December 31, your filing requirements will be due March 31. Please see the notice linked below for more information.
2014 Investment Adviser Filing Notice (PDF)*
Investment Adviser Renewal Notice for 2014
The annual renewal fees for investment advisers and their representatives must be paid to the Investment Adviser Registration Depository (IARD) by December 13, 2013. Please see the notice linked below for more information.
Investment Adviser Renewal Notice (PDF)*
Notice Regarding Restrictions on Advertisement of the Five Star Wealth Manager Awards
The Division of Securities has determined that advertisement of the "Five Star Wealth Manager: Best in Client Satisfaction" award (granted prior to 2012) is prohibited, and advertisement of the "Five Star Wealth Manager" award (granted in 2012 and forward) is restricted. Similar analysis will be applied to like programs and advertising.
Notice Regarding Advertisement of the Five Star Wealth Manager Awards (PDF)*
- New Laws Concerning the Financial Exploitation of Vulnerable Adults
In 2010, the Washington State Legislature passed laws concerning the financial exploitation of vulnerable adults that apply to broker-dealers and investment advisers.
More Information About the New Laws
- Notice To Hedge Fund Managers - Partnership and LLC Agreements
Regarding the use of Partnership and LLC Agreements to satisfy the written investment advisory contract requirement. View Notice (PDF)*
- Notice To Hedge Fund Managers - Registration with the State of
The Securities Division requires that any hedge fund manager with a place of business in Washington that receives compensation for managing a fund containing securities be registered as an investment adviser with the State of Washington, unless the manager is registered with the SEC, excepted from the definition of investment adviser under RCW 21.20.005, or exempted from registration under RCW 21.20 040.1. View Notice (PDF)*
- NASAA Offers New Resource to Help Investment Advisers Identify State Registration Requirements
The North American Securities Administrators Association launched an online resource to help investment advisers switching from federal to state securities regulatory oversight identify individual state registration requirements.
IA Switch Resource Center
- State Securities Regulators Launch Coordinated Review Program
The North American Securities Administrators Association (NASAA) announced that it has developed a coordinated review program for investment advisers switching from federal to state securities regulatory oversight as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
News Release from NASAA
- Notice Regarding Investment Adviser Switch to State Registration
On October 21, 2011, the Securities Division of the Department of Financial Institutions issued a notice to investment advisers registered with the U.S. Securities and Exchange Commission ("SEC") regarding the SEC’s new rule switching mid-size investment advisers (with assets under management between $25 million to $100 million) from SEC oversight to state registration.
Notice Regarding Investment Adviser Switch (PDF)*
Frequently Asked Questions Regarding Switch
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