The Office of the Secretary of the Commonwealth, Securities Division is registered under the provisions of MASS. GEN. LAWS c. 6, § 172 to receive and review Criminal Offender Record Information (“CORI”) for the purpose of screening current registrants and … Continued
In conjunction with the release of a preliminary report describing an initiative by the Registration, Inspections, Compliance and Examinations Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth (the “Division”) to examine advisers that registered with … Continued
Prior to now, investment adviser representatives of SEC-registered investment advisers that were located in Minnesota did not have to register with state regulators (unless that had an office in the state). An Order dated October 31, 2013, has been issued by the Minnesota … Continued
An enforcement report from the North American Securities Association slated for release this Thursday (November 7, 2013) finds the following deficiencies among mid-sized firms that made the switch from SEC to State registration: Unlicensed investment adviser representatives; Failing to document … Continued