June 15, 2009
President of the NASAA Sends Letter to President Obama in Support of Limiting Preemption of State Regulation
In a letter dated June 9th, 2009, Fred Joseph, President of the North American Securities Administration (NASAA), applauded President Obama for his efforts to control preemption of state law in the area of securities regulation.
On May 20th, President Obama [...]
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March 12, 2009
Dealing with Ambiguous State Securities Laws
An issue which often arises during the planning phase of the hedge fund formation process is whether certain state securities or investment advisory laws or regulations apply to a certain fact situation. Many times these issues arise in the context of investment advisor registration (especially with regard to “custody” and [...]
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Series 65 and Series 66 Passing Grade Increased
November 27, 2009IA Exams Pass Rates Expected to Plummet
The North American Securities Administrators Association (“NASAA”) recently announced that the two central investment advisor exams (the Series 65 and the Series 66) will become even more difficult. Starting January 1, 2010 candidates will need to attain a score of 72% in order to pass the Series 65 exam [...]