NASAA President Appears on Fox News as an Advocate of Raising the AUM Requirement for SEC Registration as an Investment Adviser

October 05, 2009

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Denise Voigt, the Texas Securities Commissioner and incoming President of the North American Securities Administrators Association (“NASAA”), recently appeared on Fox News to discuss why state securities regulators have the experience and will to take on more regulatory authority with respect to registered investment advisers.

In particular, the Texas Securities Commissioner repeated her previous call for raising the required assets under management from $25 million to $100 million in order to register as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”). She explained that the SEC is overwhelmed, understaffed and lack the will to regulate and protect the smaller investor.

To view a video of Ms. Voigt’s appearance on Fox News, you can visit the following page on NASAA’s website:

Posted by Bryan Hill
Labels: How to Become RIA, Investment Advisor Registration, Registration