Red Oak Blog
News that affects your business and ours.
Law to Speed Advisor Registrations
On Tuesday, a state senate committee unanimously approved a bill that would make Florida a “notice-filing” state, which means that representatives of out-of-state SEC registered financial firms seeking to do business in Florida would be automatically approved upon filing their application, and at that point could immediately begin offering advice to clients in the state. Final passage would bring Florida in line with almost every other state’s registration process. Only five states aside from Florida — Connecticut, Maine, Nevada, Texas and Vermont — haven’t adopted a notice-filing system. Please click here to read the full story.