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New Colorado Investment Adviser/Broker Dealer Rules

September 8, 2015

Who is Covered by the New Rule?

Colorado-licensed investment adviser representatives (IARs) and Colorado-licensed broker-dealer sales representatives are now required to file their current business email addresses with the Colorado Securities Commissioner. 

Since the rule applies only to Colorado-licensed IARs, SEC-registered advisers whose employees are exempt from the federal Advisers Act definition of an "investment adviser representative" are not required to comply with this new rule for those employees. 

How Do I File?

Representatives or their employer firms may file email addresses by visiting the following page and clicking on the link provided. In addition to a business email address, you will need to provide the full name of the representative, as well as his/her CRD number. Alternatively, firms with substantial numbers of representatives may file email addresses by sending a spreadsheet to the Colorado Division of Securities. Additional instructions on how to comply can be found here.

How Do I Stay Current?

Email addresses of affected individuals should be updated promptly when they change, but no later than thirty (30) days following such change. The Colorado Division of Securities may also make direct requests for email addresses, in which case such information should be provided no later than fifteen (15) days following a request.

 

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