State securities regulators have oversight responsibility for investment adviser firms with assets under management of $100 million or less. States also have sole regulatory oversight of all investment adviser representatives, the financial professionals who work directly with retail investors, whether the adviser is registered with a state or with the SEC.
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REPORTS
NASAA reports related to state-registered investment advisers.
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LICENSING EXAM
INFORMATION
Learn about the licensing exams required for being licensed by a state before an investment adviser can work with investors.
SENIOR RESOURCES
Learn more about how you can use NASAA resources to help protect seniors and vulnerable adults from financial exploitation.
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RESOURCES
NASAA resources for state-registered investment advisers.
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COMPLIANCE
FINDINGS
NASAA members conduct coordinated exams of state-registered investment advisers for compliance issues and prepare suggested best practices.
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IA GUIDE
A brief overview of the investment adviser industry; including definitions, characteristics of an investment adviser, regulators, application process, and other information.