NY AG Letitia James: Expect 'Significant Delays' With Investor Protection Bureau
James issued a statement Friday saying the move is an effort to curb the need to visit the post office.
March 27, 2020 at 05:15 PM
2 minute read
Guidance from the New York attorney general's office says filers should expect "significant delays" in correspondence from the bureau that enforces the state's securities law due to the coronavirus pandemic.
The office of state Attorney General Letitia James also announced that entities regulated by the Investor Protection Bureau are being given temporary relief from specific filing requirements under the Martin Act, an anti-fraud law.
"Any registration renewal, amendment, financial statement or NY-IAQ filing that would have been due between March 1, 2020 and April 30, 2020 … is extended for 90 days from the end of the Relief Period," according to guidance from James' office.
James issued a statement Friday saying the move is an effort to curb the need to visit the post office and the temporary changes will make sure that people's health are not put at further risk.
As New York's coronavirus crisis continues to accelerate, the announcement echoes efforts from public officials to reduce in-person contacts that can spread the virus.
New York has recorded more than 44,600 cases of COVID-19, according to state government figures released Friday. State government also reported 519 deaths in the state are tied to the virus.
"The spread of the coronavirus means remote work is the new norm and with that our practices must rapidly adapt to keep both the public and workers safe," James said in a statement.
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