Advisors: State Website Links and News - (2017)

By Cory Roberson, Principal at FIN Compliance and FIN Lancer

Ever have trouble navigating state regulatory websites?  We understand. 

Below is a snippet of news, rules, and links applicable to state-registered firms.

Connecticut - Reminder to file Form ADV – exempt reporting advisors. http://www.ct.gov/dob/cwp/view.asp?a=2245&q=594210 

Texas - Regulators took more enforcement actions against registered members of the securities industry than non-registered individuals or firms, continuing a trend that began last year.  https://www.ssb.texas.gov/news-publications/state-regulators-taking-more-actions-against-registered-firms   

New York -  New Cybersecurity regulations issued by New York State (August 2017) – this agency regulates banking and insurance industry.  Investment advisors are regulated by the Investor Protection Bureau.  http://www.dfs.ny.gov/about/press/pr1708281.htm 

Indiana –  Securities Registration Fee Increase (as of July 1, 2017) - http://www.in.gov/sos/securities/files/Compliance%20Alert%20-%20Registrations%20-%20(06-01-17).pdf   

Louisiana - Investment Advisor Rep (IAR) Certification exemption----Act 7

Individuals who were registered on or before August 31, 2016 and have been registered in the securities industry for at least 10 years are excluded from having to meet the examination/certification requirement. http://www.ofi.louisiana.gov – 

Pennsylvania - Fintech business offering regulated financial services require state license. (10/17) - http://www.media.pa.gov/pages/banking_details.aspx?newsid=188

Go here for more resources on State policies/procedures: Compliance software: RIA Review 

Updated Website Links

Below, is a resource of links and news stories specific for state-advisors.

Alabama - www.asc.state.al.us/ 

Alaska ** - https://www.commerce.alaska.gov/web/dbs/Securities.aspx

Arizona - www.azcc.gov/divisions/securities/ 

Arkansas - www.securities.arkansas.gov/ 

California - http://www.dbo.ca.gov 

Colorado - www.dora.state.co.us/Securities/ 

Connecticut -  www.ct.gov/dob/site/default.asp

Delaware ** - https://firststeps.delaware.gov/securities_investment.shtml

District of Columbia ** - https://disb.dc.gov/page/licensing-requirements-investment-advisers-and-representatives

Florida - http://www.flofr.com/Securities/index.htm 

Georgia - http://sos.georgia.gov/securities/ 

Hawaii - www.hawaii.gov/dcca/sec/ 

Idaho - www.finance.idaho.gov/Securities/Securities.aspx 

Illinois - www.cyberdriveillinois.com/departments/securities/ 

Indiana - www.in.gov/sos/securities/ 

Iowa ** - https://iid.iowa.gov/regulated-entities

Kansas - www.securities.state.ks.us

Kentucky ** - http://kfi.ky.gov/Pages/securities.aspx

Louisiana - www.ofi.louisiana.gov/ 

Maine - www.state.me.us/pfr/securities/index.shtml 

Maryland - www.oag.state.md.us/securities/ 

Massachusetts - www.sec.state.ma.us/sct/sctidx.htm 

Michigan - www.michigan.gov/dleg/0,1607,7-154-10555---,00.html 

Minnesota - www.state.mn.us/portal/mn/jsp/home.do?agency=Commerce 

Mississippi ** - http://www.sos.ms.gov/Securities/Pages/default.aspx

Missouri - www.sos.mo.gov/securities/ 

Montana  ** - http://csimt.gov/securities/

Nebraska - www.ndbf.ne.gov/index.shtml 

Nevada - www.nvsos.gov/index.aspx?page=6 

New Hampshire - www.sos.nh.gov/securities/ 

New Jersey - www.state.nj.us/lps/ca/bos/ 

New Mexico - www.rld.state.nm.us/Securities/index.html 

New York - http://www.ag.ny.gov/investor-protection/contact 

North Carolina** - https://www.sosnc.gov

North Dakota** - http://www.nd.gov/securities/

Ohio - www.com.ohio.gov/secu/ 

Oklahoma - www.securities.ok.gov/ 

Oregon - www.cbs.state.or.us/external/dfcs/ 

Pennsylvania - www.psc.state.pa.us/licensing/index.html 

Rhode Island - www.dbr.state.ri.us/ 

Puerto Rico - http://www.ocif.gobierno.pr/valores_eng.html 

South Carolina - http://www.scag.gov/scsecurities

South Dakota - www.state.sd.us/drr2/reg/securities/index.htm

Tennessee ** - http://www.tn.gov/commerce/section/securities

Texas - http://www.ssb.state.tx.us/ 

Utah ** - https://securities.utah.gov

Vermont - www.bishca.state.vt.us/

Virgin Islands - http://ltg.gov.vi/division-of-banking-and-insurance.html 

Virginia ** - http://www.scc.virginia.gov/srf/index.aspx

Washington - www.dfi.wa.gov/sd/ 

West Virginia ** - https://www.wvsao.gov/Securities/

Wisconsin - www.wdfi.org/fi/securities/ 

Wyoming - http://soswy.state.wy.us/investing/default.aspx

Contact us at: 650-305-2688 or http://RIAreview.com if you are interested in more resources for your state-registered firm. 

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FIN Compliance (FINCompliance.io) is a consortium of compliance services including: RIA Consults-Roberson Consults Group, a compliance consulting firm, RIA Review, a compliance-management software tool (SaaS), B-D Review, a RIA/Broker-Dealer compliance management software tool, and FINLancer is a business management portal featuring:  E-signature tools; Invoicing integration, Vendor Directory, continuity directory*, business client document portal, and more (available by Q3 2019).  Access all services on one site: FINCompliance.io.

Impact

FIN Missions (FINmissions.com) provides business support group sessions for other entrepreneurs.  In addition, Cory has volunteered for more than fifteen youth programs in locations such as like S. Korea, China, S. Africa, Thailand, and India.