Wednesday, February 08, 2012

New Jersey Permits IAs Without Custody to File Notarized Certificate Attesting to Financial Statement Accuracy

Investment advisers without custody of their clients' funds or securities may include in their IA registration applications filed with the New Jersey Securities Bureau a "notarized certification" attesting to the accuracy of their financial statements; the Securities Bureau will accept the notarized statement for investment advisers without custody in lieu of a certified statement of the applicant's most current financial condition as of a date within 60 days of the application, or a certified financial statement as of the last fiscal year-end for applicants having been in business for at least one year.

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