New York Codes, Rules and Regulations
Title 13 - DEPARTMENT OF LAW
Chapter II - SECURITIES TRANSACTIONS AND PERSONNEL
Subchapter A - SECURITIES-GENERAL
Part 11 - INVESTMENT ADVISORY SERVICES
Section 11.15 - Distribution of investment adviser statement
Universal Citation: 13 NY Comp Codes Rules and Regs ยง 11.15
Current through Register Vol. 46, No. 12, March 20, 2024
Each investment adviser registered in the State of New York must:
(a) deliver to a client or prospective client either a copy of the investment adviser statement form ADV, or a brochure containing all of the information set forth therein, before or at the time of entering into an investment advisory contract with that client; and
(b) deliver to each client, annually within 120 days after the end of the fiscal year of such adviser, and without charge, if there are material changes in such statement or brochure since any annual updating amendment:
(1) a
current statement or brochure; or
(2) the summary of material changes to any
statement or brochure as required by item 2 of form ADV, part 2A that offers to
provide your current brochure without charge, accompanied by the web site
address (if available) and an e-mail address (if available) and telephone
number by which a client may obtain the current statement or brochure from you,
and the web site address for obtaining information about you through the
investment adviser public disclosure (IAPD) system.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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