New Mexico Proposes Rules to Coordinate with Adoption of New Securities Act

New rules and amendments to existing rules were proposed by the Securities Division of the New Mexico Regulation and Licensing Department to coordinate with the State's new Securities Act that takes effect January 1, 2010. The proposals are anticipated to also become effective on January 1, 2010.

The proposed rules and amendments would affect federal covered securities, exemptions for securities and transactions, registration of securities and licensing of broker-dealers, sales representatives, investment advisers and investment adviser representatives.

For more information, please see here.