February 10, 1992
TO: INVESTMENT ADVISERS COMMITTEE NO. 7-92
MISSOURI INVESTMENT ADVISER ASSOCIATE MEMBERS
RE: MISSOURI INTRODUCES FINANCIAL PLANNER LEGISLATION
__________________________________________________________
Legislation has been introduced in Missouri to amend the
Missouri Uniform Securities Act to expand the provisions relating
to investment advisers to include financial planners.
Specifically, the Act would be amended to include financial
planners, as defined in the bill, within the definition of
"investment adviser". In addition, a new provision would be
added to the Act making it unlawful for any person to hold
himself out as a "financial planner" or "similar term descriptive
of his business unless he is a financial planner or investment
adviser representative of a financial planner."
A copy of the bill is attached. We will keep you informed
of developments.
Amy B.R. Lancellotta
Associate General Counsel
Attachment