As a result of changes to Federal Securities Laws, the Minnesota Department of Commerce is now responsible for the supervision of more than 375 registered investment advisers. A function of this oversight will be to periodically examine each investment adviser to ensure they are in compliance with State Securities Laws.
The following articles detail recent events impacting investment advisers.
Investor Bulletin: Custody of Your Investment Assets (Securities and Exchange Commission)
Investor Alert: Investment Seminars – Trading Seminar Fraud (Securities and Exchange Commission)