State Securities Compliance Relief in the Wake of COVID-19

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/.

Steptoe & Johnson PLLC has an experienced group of securities attorneys who can help you with any state or federal compliance issues. Please contact Bryan Prosek or John Chadd with any questions on this alert.