Coordinated Review for Advisers Switching to State Registration
The North American Securities Administrators Association, the national association of state regulators, has announced a coordinated review program for advisers that must transition from SEC to state registration and must register in more than 4 states. Advisers that must register in 15 or more states are eligible to remain SEC registered. An adviser must complete the Coordinated Review Form found at NASAA’s website. Following submission of required materials, the adviser will receive aggregate comments from all the relevant states. There is no cost for the program.
OUR TAKE: We believe that this coordinated review is the test case/precursor of a multi-state coordinated review and examination program.
An archive of Regulatory Alerts is available at http://blog.cipperman.com.
Cipperman Compliance Services provides CCO and compliance services to registered funds and money managers. We customize compliance solutions to fit your business: full or partial compliance outsourcing, consulting engagements, and tailored compliance tools. Cipperman & Company is a unique law firm devoted exclusively to the investment management industry. We work on a wide range of transactional and regulatory matters, but we concentrate on four core areas: Fund Formation, Distribution, Compliance, and Technology.
Todd Cipperman, Esq.
Cipperman & Company
500 E. Swedesford Road
Suite 104
Wayne, PA 19087
610.687.5320
tcipperman@cipperman.com
www.cipperman.com
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Cipperman & Company
500 E. Swedesford Road
Suite 104
Wayne, PA 19087
610.687.5320
tcipperman@cipperman.com
www.cipperman.com
If you no longer wish to receive e-mail alerts, please respond to this e-mail accordingly. Nothing herein should be construed as legal advice. This e-mail may constitute an advertisement under U.S. law. This message and any attachments may contain confidential or privileged information and are only for the use of the intended recipient of this message. If you are not the intended recipient, please notify the sender by return email, and delete or destroy this and all copies of this message and all attachments. Any unauthorized disclosure, use, distribution, or reproduction of this message or any attachments is prohibited and may be unlawful.
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