Corporate & Securities Law

Beginning January 1, 2011, applicants registering for the first time in Tennessee should electronically submit new Part 2 through the IARD.

Registrants must incorporate new Part 2 with the first of the following filings they make after January 1, 2001, either the filing of a Form ADV amendment or the filing of their annual updating amendment. Investment advisers whose fiscal year ends December 31, 2010 that haven't already filed an updated Part 2 must electronically submit through the IARD an annual amendment updating the brochures contained in new Part 2 no later than March 31, 2011. These brochures for investment advisers whose fiscal year-end is March 31, 2011 or after must be updated by including within them a summary of material changes or by accompanying them with a summary of the material changes. The updated brochures must be delivered free of charge to each advisory client within 120 days of the advisers' fiscal year-end.

For more information please call (615) 741-3187; (800) 863-9117 or email here. The Tennessee Securities Division's website is found here.

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Full post as published by Jim Hamilton's World of Securities Regulation on December 14, 2010 (boomark / email).