NASAA Announces IARD System Fee Waiver for Investment Adviser Firms

NASAA announced the waiver of the Investment Adviser Registration Depository ("IARD") system fees for investment adviser firms and the continuation of substantially reduced initial set-up and annual system fees paid by investment adviser representatives ("IARs").The initial IARD set-up and renewal fee, which was originally $45 when the system became operational, will now be $10 for IARs. The IARD system is an online national database sponsored by NASAA and the SEC to provide investment advisers and their representatives with a single source for filing state and federal registration and notice filings.

See: NASAA Notice.