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Cover Letter For Investment Adviser IARD - Arizona
| Cover Letter For Investment Adviser Form. This is a Arizona form and can be used in General Blue Sky Secretary Of State . |
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COMMISSIONERS MATTHEW J. NEUBERT JEFF HATCH-MILLER - Chairman DIRECTOR WILLIAM A. MUNDELL MARC SPITZER SECURITIES DIVISION MIKE GLEASON 1300 West Washington, Third Floor KRISTIN K. MAYES Phoenix, AZ 85007 TELEPHONE: (602) 542-4242 FAX: (602) 594-7470 BRIAN C. McNEIL E-MAIL: securitiesdiv@azcc.gov EXECUTIVE SECRETARY ARIZONA CORPORATION COMMISSION Thank you for your interest in becoming an investment adviser firm or investment adviser representative with the state of Arizona. On March 13, 2001, Arizona enacted legislation requiring investment adviser forms to be filed electronically through the IARD system (Investment Adviser Registration Depository). The IARD is a secure Internet-based registration system for investment advisers and their associated persons. In effect, all investment adviser filings are to be made electronically through the IARD. We hope the enclosed IA packet will be helpful to you when filing your state investm adviser and investment ent adviser representative applications. The IA packet consists of the following information and documents: Instruction Sheet, Check List, Series 65/66 Information, No Investment Adviser Activity in Arizona Affidavit, Entitlement paperwork, Part II of the Form ADV, Form U-4 and U- 5 Instructions, and Form U-10 and Instructions. Please review the following information as it pertains to your filing requirements: State Investment Adviser Firms (Licensees) All applications for investment adviser licensure must be filed electronically through the IARD. There is no hardship exemption in the state of Arizona as there is at the federal level, which means that all investment adviser firmthat wish to do business in Arizona ms ust be registered on the IARD system. To file electronically, you should first become entitled to use the IARD system. To become entitled, complete the enclosed Entitlement paperwork and send it to the NASD Regulation, Inc. Once you receive your confirmation packet from the NASD, you are ready to file your Form ADV through the IARD. When filing your Form ADV electronically, only Part 1A and Part 1B of the Form ADV will be entered. The IARD is not available to accept the Part II of the Form ADV at this time. There is no expected timeframe as to when the Part II IARD electronic filing requirements will be avlable on the IARD. Procedures fai or submitting your Form ADV filing can be found in Chapter 5 of the IARD Firm Users Manual at the IARD website, http://www.iard.com/firm_users_man.asp). Part II of the Form ADV, the No Investment Adviser Activity in Arizona Affidavit and/or disclosure brochure must be filed in paper form directly with the Securities Division to complete your application filing with the state. (Note: The $250.00 Arizona filing fee and IARD system fee must be deposited in your NASD Daily Account prior to submitting your investment adviser filings through the IARD. SEC Investment Adviser Firms (Notice Filers) All SEC investment advisers (notice filers) are required to file electronically through the IARD system. Procedures for submitting a notice filing can be found in the IARD Firm Users Manual at the above IARD website. If you have not been noticed filed in any other jurisdiction, you will click Apply for registtion as an invesra tment adviser with the SEC. Check the 1200 WEST WASHINGTON, PHOENIX, ARIZONA 85007 / 400 WEST CONGR ESS STREET, TUCSON, ARIZONA 85701 www.cc.state.az.us American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2Arizona box under Item 2 SEC Registration on Part1A of the Form ADV. If you have already filed as a notice filer with one or mostates, yore u will submit an Other-than-Annual Amendment filing and check the Arizona box. (Note: The $250.00 Arizona filing fee and IARD system fee must be deposited in your NASD Daily Account prior to submitting your investment adviser filing through the IARD.) Investment Adviser Representatives Effective March 18, 2002, investment adviser representative applicants are required to file their applications (Form U-4) electronically on WebCRD. Please consult the Firm Users Manual at the main IARD website for instructions on how to file your Form U-4. An application fee of $40.00 and a CRD initial set-up fee of $45.00 for each investment adviser representative application must be deposited in your Daily Account with the NASD prior to submitting your U- 4 filing with the state of Arizona. Beginning April 29, 2002, a fingerprint card* may be required to be submitted to the Securities Division. *If the fingerprint card is required, please send to the Division a check for $29.00 made payable to the Arizona Corporation Commission along with the fingerprint card. Please request fingerprint cards from the Division, if required. Please review A.R.S. 44-3153 and A.R.S. 44-3156 to determine if the fingerprint card is required. If you are a notice filer with no place of business in Arizona, you may qualify for an exemption under A.R.S. 44-3152 and R14-6-210. If you are a registered representative employed with a licensed broker-dealer in Arizona, you maqualify for an exemy ption under A.R.S. 44-3152. Please review the enclosed materials carefully to determine if you are required to be state licensed or make a notice filing (SEC registered) to do business in Arizona as an investment adviser. In addition, you may consider consulting with your attorney or compliance professional for assistance in making this determination. In all cases, you should refer to the specific language in the Arizona Investment Management Act (Act), A.R.S. 44-3101, et seq. The complete text of the Act can be accessed through the Securities Divisions website, http://www.ccsd.cc.state.az.us. Please note that all investmnt adviser licenses, notice filings, e st and investment adviser representative licenses will require annual renewal by December 31 . We are committed to making this process as easy as possible for you. Please feel free to access the IARD web site at http://www.iard.com for additional information concerning the IARD process. In addition, if you have any questions which are not addressed in the enclosed materials, we welcome your call. You may contact the Securities Division at (602) 542-4242 and ask for the Duty Officer. You may also stop by our offices located at 1300 West Washington, Third Floor, Phoenix, between the hours of 8:00 a.m. to 5:00 p.m. Thank you for your interest. American LegalNet, Inc. www.USCourtForms.com
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