Attorney General James Moves to Modernize and Streamline Securities Filings In NYS

Posted to Applied Web NY on Mon, 04/06/2020 - 13:39

NEW YORK – New York Attorney General Letitia James today took steps to streamline and enhance the oversight of the securities industry in New York by proposing new rules to modernize registrations with the Investor Protection Bureau (IPB) in the Office of the Attorney General. The new rules — which follow on the heels of procedural changes announced in response to the coronavirus disease 2019 (COVID-19) public health crisis on March 27, 2020 — will move filings and payments to standardized federal and multi-state systems. With these changes, New York’s registration procedures will better conform to the federal securities registration regime, cure industry confusion when it comes to certain registration requirements, and better track exam requirement compliance and disciplinary disclosures for thousands of investment advisers who provide investment advice to New Yorkers.

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