How do I apply to be licensed or notice filed in Oregon as an investment adviser firm?
This licensing or notice filing process depends on whether the firm has an office location in Oregon, and whether the SEC or a state agency is the regulator of the firm. Under a federal law passed in 1996, the SEC was given jurisdiction over all investment advisers with more than $25 million under management. The state securities agency in the state where the investment adviser has its home office is the regulator of any firm with $25 million or less under management. A firm with less than $25 million under management and located in Oregon will be regulated by the Division. An application consists of a complete Form ADV, a fee of $200, a surety bond in the amount of $10,000, a copy of any proposed contract with clients, and financial statements required by Oregon Administrative Rule 441-175-0100. The firm must also have at least one investment adviser representative (IAR) who is licensed under the Oregon securities laws, starting at Oregon Revised Statutes 59.165. State regulated firms
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