kaal:claim:2337268-011

Mid-sized investment advisers, those with between $25 and $100 million AUM, fall to state authorities rather than the SEC, though they may still have to register with the state agency where their principal place of business is located.

Under Title IV, state authorities are responsible for mid- sized investment advisers.20 While mid-sized advisers are not required to register with the SEC, they may still be required to register with the state agency in the state of their principal place of business.21

Wulf A. Kaal, Investment Adviser Regulation (2013), 2. Adviser Categories, p. 8
https://ssrn.com/abstract=2337268 · source PDF

Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

• advisers with between $25 and $100 million AUM
• under Title IV of the Dodd-Frank Act

definitionalsupport: assertedsecurities-law

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