Regulation & law · 09/12/2003

SEC Proposes Electronic Registration for Investment Advisers Seeking Investment Manager Status Under ERISA

The Securities and Exchange Commission (SEC) has proposed a regulation that would require state-registered investment advisers seeking to become investment managers under the Employee Retirement Income Security Act of 1974 (ERISA) to electronically register through the Investment Adviser Registration Depository (IARD) instead of filing paper forms with the Secretary of Labor.