NJ Securities Bureau Eyeing Investment Firms
The New Jersey Bureau of Securities is conducting its annual examination of the more than 900 registered investment adviser firms in the state, bureau chief Christopher Gerold announced on Monday—and for the first time asking about so-called robo-advisers.
May 08, 2017 at 04:58 PM
4 minute read
The New Jersey Bureau of Securities is conducting its annual examination of the more than 900 registered investment adviser firms in the state, bureau chief Christopher Gerold announced on Monday—and for the first time asking about so-called robo-advisers.
The exam, according to a statement released by the bureau, seeks information about each firm's organization, business model, investment concentrations and details regarding individuals associated with the firm.
Firms are required to provide responses to questions about their business activities, including portfolio composition, compliance with regulatory requirements, and customer complaints. The questions are updated each year to reflect changes in the investment adviser industry and the bureau's examination priorities, the bureau said.
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