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HR 4624 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Administrative remedies Banking and financial institutions regulation Business ethics Business records Computer security and identity theft Financial services and investments Licensing and registrations Securities and Exchange Commission (SEC)

Investment Adviser Oversight Act of 2012

Introduced: April 25, 2012 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2012
Committee Hearings Held.
Apr 25, 2012
Referred to the House Committee on Financial Services.
Apr 25, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Investment Adviser Oversight Act of 2012 - Amends the Investment Advisers Act of 1940 to require investment advisers to register with a registered national investment adviser association, unless exempted according to specified criteria.

Prescribes registration requirements and procedures.

Requires each national investment adviser association to conduct an annual conference to which representatives from the state securities administrators association and the Securities and Exchange Commission (SEC) shall be invited to participate in order to foster cooperation between such entities.

Sets forth procedures for: (1) approval of registration; and (2) discipline of members by a national investment adviser association, including membership denial and summary suspension.

Grants the SEC enforcement authority including suspension and expulsion of members and removal or censure of officers and directors.

What's happening now June 6, 2012

Committee Hearings Held.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1