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| In The Spotlight |
Commissioner Announces IARD System Fee Waiver for Investment Adviser Firms
Reduced System Fees Reinstated for Investment Adviser Agents
The Commissioner, in conjunction with the North American Securities Administrators Association, Inc., has announced the waiver of Investment Adviser Registration Depository (IARD) system fees for investment adviser firms and the reinstatement of substantially reduced initial set-up and annual system fees paid by investment adviser agents (IARs). For 2013, the initial IARD set-up and renewal fee will be $10 for investment adviser agents. Connecticut registration and notice filing fees will remain unchanged, and the IARD system fee waiver will have no impact on state revenue.
Declaratory Ruling Issued
On September 11, 2012, the Commissioner issued a Declaratory Ruling in response to the Petition of Persels & Associates, LLC for Declaratory Ruling Regarding Application of Attorney Exemption under Debt Negotiation Statutes.
Information for Veterans
The Connecticut Department of Veterans’ Affairs, Office of Advocacy and Assistance provides assistance to veterans, their eligible spouses and eligible dependents in obtaining veterans benefits under federal, state and local laws. For more information, visit their website or contact the Veterans Info Line, at 1-866-9CT-VETS (1-866-928-8387).
Foreclosure Prevention Clinics
Department of Banking staff participates in monthly Foreclosure Prevention Clinics, sponsored by the Connecticut Fair Housing Center. These free clinics are offered in Hartford, Bridgeport, Norwalk and Stamford. Please follow the links below for the schedule of dates, locations and directions:
Guidance to Investment Advisers
The Banking Commissioner announced that he has issued three orders providing the securities industry with guidance on how Connecticut would treat certain investment advisers following passage of The Dodd-Frank Wall Street Reform and Consumer Protection Act:
Order Establishing a State Registration Timetable
Order Governing Certain Investment Advisers Exempt from Federal Registration
Order Defining the Term "Client" For Purposes of the Connecticut De Minimis Exemption for Investment Advisers (Amended and Restated)
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