Governor Dayton Signs Investment Adviser Bill

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On May 24, 2013, Governor Dayton signed into law several changes to the investment adviser statutes in Minnesota.  We previously analyzed this legislation while it was working its way through the Minnesota legislature (prior coverage here and here).   As of last Friday, it has officially become law.  You can find the as-passed text in chapter 106 of the Session Laws for the 2013 Regular Session.

Check dodd-frank.com frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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