Red Oak Blog
News that affects your business and ours.
Massachusetts Proposes Criminal Background Checks for Advisers
The Massachusetts Securities Division has issued a proposal that would require a criminal background check of every person registering as an investment adviser representative. The proposed rule would require each person applying for registration to complete an acknowledgement form allowing the Massachusetts regulator to access the Criminal Offender Record Information system“ iCori”.
Massachusetts tends to be a leader among the states and proposes new rules that other states also adopt. We would not be surprised to see this spread throughout the country. To read the full story please click here.