State Securities Compliance Relief in the Wake of COVID-19

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To date, all state divisions of securities regulators remain open for business. However, in most cases, in-person meetings are temporarily suspended. Additionally, some states are providing relief with respect to signature, registration, or filing requirements for broker-dealers, investment advisors, agents, and representatives. Among the states providing such relief are West Virginia, Colorado, Kentucky, and Texas. The North American Securities Administrators Association (NASAA) has created a page on its website that provides daily COVID-19 updates from state and provincial securities regulators. The following link will take you to NASAA’s page where you can find the latest update for your state regarding such relief and other notices: https://www.nasaa.org/industry-resources/covid-19-updates/.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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