On March 15, 2013, the Massachusetts Securities Division started the process to amend the regulations for investment adviser representative (“IAR”). The proposal would require an IAR applicant to submit to a review of the Massachusetts Criminal Offender Record Information (CORI) of the applicant. The Division believes that it is in the public interest and for … Read more »
Tag: investment adviser representative
Do You need State Licensing if You’re an SEC Registered Investment Adviser?
With Dodd-Frank‘s elimination of the 15 client exemption, thousands (my guess) of private fund managers will need to register with the Securities and Exchange Commission as investment advisers to their funds. For alternative investment funds, like real estate, you’ll need to look at whether you are giving advice regarding securities. If you have less than … Read more »