Commentary and musings on the complex, fascinating and peculiar world that is securities regulation
Tuesday, October 25, 2011
Texas Proposes IA Custody Rule and Amendments to Advisory Fee and Written Exam Rules
A safekeeping rule for investment advisers with custody of their clients’ funds or securities was proposed by the Texas Securities Board, together with amendments to an advisory performance based fees rule and to the written examination rules for dealer principals, agents, investment advisers and investment adviser representatives. The "solicitor" definition would be clarified.