REGULATION: States want more oversight of advisers
State securities regulators plan to seek an increase in the threshold for state regulation of investment advisers, according to a recent InvestmentNews report.
State securities regulators plan to seek an increase in the threshold for state regulation of investment advisers, according to a recent InvestmentNews report. Currently, advisory firms that manage less than $25 million are regulated by the states; the SEC regulates those that manage more than that amount. The North American Securities Administrators Association Inc. wants to boost the threshold for state oversight to $100 million. The SEC would have to approve the increase.
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