NASAA Releases Final IA Switch Report, Documents Largest Coordinated Event between State and Federal Securities Regulators

The NASAA released a report documenting the successful completion of the transfer of mid-sized investment advisers from federal to state oversight as called for by the Dodd-Frank Act.

"The Switch" stemmed from Dodd-Frank Section 410 ("State and Federal responsibilities; asset threshold for Federal registration of investment"), which raised the assets-under-management threshold for state regulation of investment advisers from $25 million to $100 million.

Click here to view report (links externally to NASAA website).
Related News: "NASAA Report: "The IA Switch" (with Lofchie Comment)" (May 14, 2013).