The New Jersey Bureau of Securities requires state registered investment advisers to complete and return an annual written examination. Each New Jersey state registered investment adviser is required to answer online the 2013 Annual Examination by May 9, 2013.
Category Archives: Annual Review
Conducting an Annual Review of a Registered Investment Adviser
November 01, 2012
Under SEC Rule 206(4)-7 of the Investment Advisers Act of 1940 (“Investment Advisers Act”), investment advisers registered with the U.S. Securities and Exchange Commission (“SEC”) are required to maintain written policies and procedures reasonably designed to prevent and detect violations of the Investment Advisers Act and the SEC’s related rules by the investment adviser or any of its supervised persons. Many state securities regulators have similar requirements regarding written policies and procedures. As part of developing the investment adviser’s written policies and procedures, the investment adviser should identify the areas of risk that need to be addressed.
Many states have unique requirements for their investment advisers. The New Jersey Bureau of Securities, the securities regulator in the state, requires that state registered investment advisers fill out a written examination. These written examinations must be completed annually by the investment adviser firm. The New Jersey Bureau of Securities’ written examination form states that “written examinations do not take the place of on-site examinations, but may alleviate the need to conduct on-site examinations.” Alternatively, information in the written examination questionnaire may raise red flags for theNew Jersey Bureau of Securities and lead to an on-site examination by regulators.
The Benefits of Implementing a Compliance Calendar
November 29, 2011
For many registered investment advisers, the task of determining ongoing compliance requirements can seem overwhelming. Carrying out an investment adviser’s ongoing compliance duties can be a very manageable process if the investment adviser is aware of its requirements and organizes and assigns responsibilities for the various compliance functions. A compliance calendar can be a valuable tool to assist investment advisers in carrying out their ongoing compliance duties throughout the year. Developing a compliance calendar can help strengthen an investment adviser’s compliance program that must be developed to detect, prevent, and correct possible regulatory violations that can occur throughout the year.
RIA Compliance Consultants recently prepared a brief (lasting approximately 9 minutes) webcast identifying a few tips for conducting an annual compliance review of an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Please click here to view our complimentary webcast. If you would like to view the expanded version of our recorded webcast (lasting approximately 1 hour), you can purchase a seat for $59.95 by clicking here.
Conducting an Annual Review of an SEC Registered Investment Advisor
October 26, 2010
Under SEC Rule 206(4)-7 of the Investment Advisers Act of 1940 (“Investment Advisers Act”) registered investment advisors are required to maintain written policies and procedures reasonably designed to prevent and detect violations of the Investment Advisers Act and its related rules by the investment advisor or any of its supervised persons. Many state securities regulators have similar requirements regarding written policies and procedures. As part of developing the investment advisor’s written policies and procedures, the investment advisor should identify the areas of risk that need to be addressed.
