The North American Securities Administrators Association (NASAA) recently announced that it will waive the initial set-up and annual system fees paid by investment adviser firms (IAs) and investment representatives (IARs) to maintain the Investment Adviser Registration Depository (IARD) system. Noting that state securities regulators were sensitive to the cost of compliance borne by investment advisers, many of which operate small businesses in local communities, Jack Herstein, NASAA President and Assistant Director of the Nebraska Department of Banking & Finance Bureau of Securities stated that "any cost savings that can be achieved without weakening investor protection will benefit both investors and small businesses in a struggling economy." See more.....
http://www.nasaa.org//NASAA_Newsroom/Current_NASAA_Headlines/14937.cfm
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