NASAA Votes to Restrict BDs’ Use of ‘Adviser,’ ‘Advisor’
April 16, 2025 by Melanie Waddell
State securities regulators adopted rule amendments barring potentially misleading uses of the titles “adviser” or “advisor” by broker-dealer agents, unless the broker is also registered as an advisor.
The amendments to the North American Securities Administrators Association’s Dishonest or Unethical Business Practices of Broker-Dealers and Agents model rule were released for public comment on Nov. 4, 2024. They update NASAA’s rule to more closely align with the Securities and Exchange Commission’s adoption of Regulation Best Interest.
Originally Posted at Think Advisor on April 9, 2025 by Melanie Waddell.
Categories: Industry Articles
