# Mid sized advisers

`kaal:entity:mid-sized-advisers`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `mid-sized-advisers`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2013 to 2013.

**2013**

- [2337268-011](https://wulfkaal.github.io/claims/2337268-011) [definitional/asserted] -- 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). SSRN: https://ssrn.com/abstract=2337268
- [2337268-012](https://wulfkaal.github.io/claims/2337268-012) [condition/asserted] -- Where a state does not provide sufficient regulation of mid-sized investment advisers, oversight reverts to the SEC, so state level regulatory gaps trigger a federal backstop rather than leaving advisers unsupervised.
  > Should a particular state not provide sufficient regulation, the SEC will oversee the mid-sized investment adviser.22
  Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/mid-sized-advisers.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.